Monday, March 28, 2016

Estate Denied Discounts For Marketable Security Family Limited Partnership

Estate planners will want to take a close look at the Tax Court decision in Estate of Sarah D. Holliday.  It is an instance of the IRS attacking a family limited partnership discount and winning in a case where the execution of the plan was not really that weak.  This decision makes me nervous about getting discounts for any family limited partnership that consists solely of marketable securities.

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