Valuation discount for built-in capital gains tax allowed
Article Abstract:
The repeal of the General Utilities doctrine by legislative provisions in 1986 resulted in the Tax Court in Estate of Davis and the US 2nd Circuit Court of Appeals in Estate of Eisenberg allowing corporations valuation discounts for built-in capital gains tax. Estate of Davis is particularly important in the court's refusal to ascertain value by a simple dollar-for-dollar subtraction of the tax. The court preferred the discount to account for certain situational factors as a means to more clearly reflect value.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1998
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Interaction of estate planning and Medicaid planning strategies
Article Abstract:
The author explains how to choose the best estate planning strategy when an application for Medicaid is being considered. Basic Medicaid planing techniques are covered, including transfer of assets, conversions of assets to income, insuring assets, and spending assets.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 2000
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