The CAUV Election: A Fourth Bite at the Estate Tax Apple

This article is an extension of the article written by James K. Leonard, Esq., The Leveraged Exclusion Amount: Still the Best Way to Reduce Ohio State Taxes for Married Clients, which was published in the September/October 2003 edition of Probate Law Journal of Ohio (Volume 14, Issue 1). Mr. Leonard's article demonstrated the power of the combined use of the life estate marital deduction, the leveraged exclusion amount, and the unlimited marital deduction, to zero out estate taxes in the estate of the first spouse to pass away.

This article explores a fourth technique, available under certain circumstances to be used in conjunction with the techniques demonstrated in Mr. Leonard's article to further reduce estate taxes. The additional method of reducing estate taxes involves the use of the CAUV election in estates with significant holdings in qualified farm property. The CAUV election is guided by Ohio Revised Code § 5731.011.

Read the full article by Joseph Schroeder:

The CAUV Election: A Fourth Bite at the Estate Tax Apple, 21 No. 4 Ohio Prob. L.J. 7 (March/April 2011) | PDF

Categories: Estates, Publications

Meet our Attorneys

Joseph C. Schroeder's Profile Image
Most six year old boys want to be firefighters, superheroes, or astronauts when they grow up, but when Joe Schroeder was that age, he knew he wanted to be a lawyer, and he didn’t need to look far for his inspiration. Joe’s father and uncle were b… Read More
Anna Mae Blankemeyer's Profile Image
Attorney Anna Mae Blankemeyer has been an integral part of the firm since 1986. Originally a part-time associate, Anna Mae immediately demonstrated that she was a team player, diving into the firm’s real estate practice where she was most needed. A… Read More
Megan Seitz Clinton's Profile Image
Megan Seitz Clinton is dedicated to providing exceptional, responsive and personalized service to her clients. For the fifteen years prior to joining the firm in 2019, she practiced for several boutique real estate and corporate law firms in New York… Read More

Meet the Whole Team