THE OKLAHOMA BAR JOURNAL 34 | JUNE 2024 Professionals, the OU College of Law Young Alumni board and as the former president of the Oklahoma Association of Charitable Gift Planners. ENDNOTES 1. Bank for International Settlements, “Real Residential Property Prices for United States (QUSR628BIS),” retrieved from FRED, Federal Reserve Bank of St. Louis; https://bit.ly/3wjwIWt, January 2024. 2. U.S. Census Bureau, “The Wealth of Households: 2021,” by Briana Sullivan, Donald Hays and Neil Bennet, June 2023, P70BR-183, “The Wealth of Households: 2021,” (census.gov). 3. Id. 4. Margaret Mitchell, 1900-1949. Gone with the Wind. New York: Macmillan, 1936. 5. 26 USC §170(f)(11)(c) and the underlying Treasury Regulations. 6. Oklahoma Rules of Professional Conduct, Rule 1.1; 31 USC §330 (1884); 31 CFR 10.1(a)(1). 7. 26 U.S.C. 1(h); IRS Publication 544. 8. IRS Publication 526. 9. 26 USC §170 (d)(1)(A). 10. See Russell James, American Charitable Bequest Demographics, page 12 (“Childlessness is the single strongest demographic predictor of including a charitable bequest in one’s estate plan.”), https://bit.ly/4dxDOqS. 11. Id. 12. 26 USC §2055. 13. Estate of Scott M. Hoensheid, et al. v. Commissioner (T.C. Memo 2023-34); Helvering v. Horst, 311 U.S. 112 (1940). 14. John Heywood, (1546) The Proverbs of John Heywood: Being the “Proverbs.” 15. All or Nothing. Arthur Altman and Jack Lawrence, (1939) Columbia Records, Frank Sinatra and Harry James Orchestra. 16. T. Souders, (2010). Whole-y Cow! Fractions are Fun!, Sleeping Bear Press. 17. IRC 170(f)(3)(B)(ii). 18. 26 USC §170; 26 CFR §1.1011-2 – Bargain sale to a charitable organization. 19. 26 USC §170(f)2)(B); 26 CFR §1.170A-6. For the required terms of a CLT. 20. 26 CFR §1.664-3; 26 USC §170(f)(2)(A); 26 CFR §1.170A-6. 21. 26 USC §170(f)(2). 22. PG Calc, Craig C. Wruck, (2021) The Retained Life Estate: A Most Underutilized Gift, outline5i0kcu.pdf (pgcalc.com). 23. “Ice Ice Baby,” (1990) Robert Van Winkle (Vanilla Ice), Mario Johnson, Brian May, David Bowie, Freddie Mercury, John Deacon, Roger Taylor; To the Extreme, SBK Records. 24. William Penn Adair Rogers (Will Rogers), (1879-1935). 25. National Association of Estate Planners (NAEPC). Code of Ethics. Rule 9. Code of Ethics – NAEPC. 26. Oklahoma Rules of Professional Conduct, 5 O.S. §Rule 1.6 (OSCN 2023). 27. OBA Standards of Professionalism, §3.7a; Oklahoma Rules of Professional Conduct, 5 O.S. §Rule 2.3 (OSCN 2023). 28. Oklahoma Rules of Professional Conduct, 5 O.S. §Rule 1.1 (OSCN 2023). 29. “Better Together” (2005) Jack Johnson, In Between Dreams, Brushfire. 30. Oklahoma Rules of Professional Conduct, 5 O.S. §Rule 1.7 (OSCN 2023). 31. Oklahoma Rules of Professional Conduct, 5 O.S. §Rule 2.1 (OSCN 2023). 32. “Step by Step,” (1990) Maurice Starr, New Kids on the Block, Columbia Records. 33. IRC 170(f)(11)(c). 34. 26 CFR §1.170A-17(a)(4). 35. https://bit.ly/3yg0kEH, page 9. 36. Tax Exempt Organization Search | Internal Revenue Service (irs.gov). 37. Oklahoma Rules of Professional Conduct, 5 O.S. §Rule 1.3 (OSCN 2023). Statements or opinions expressed in the Oklahoma Bar Journal are those of the authors and do not necessarily reflect those of the Oklahoma Bar Association, its officers, Board of Governors, Board of Editors or staff.
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