American College of Trust and Estate Counsel | Musings On Current Events by Steve R. Akers

American College of Trust and Estate Counsel
3415 S. Sepulveda Boulevard
Suite 330
Los Angeles, CA 90034

310-398-1888
310-572-7280 (fax)

Musings On Current Events

by Steve R. Akers

A succinct summary of the significant recent developments in trust, estate and tax law .

Holman v. Commissioner
Tax Court Rejects Indirect Gift Theory For Gifts of Partnership Interests After an FLP is Formed and Applies Section 2703 to ransfer Restrictions, Holman v. Commissioner, 130 T.C. No. 12 (May 27, 2008)

Astleford v. Commissioner
Tier Discounts Allowed; Substantial Lack of Control and Marketability Discounts Recognized for Parent and Subsidiary Real Estate Partnerships, Astleford v. Commissioner, T.C. Memo. 2008-128

Mirowski v. Commissioner
T.C. Memo. 2008-74; Court Rejects IRS’s §§2036(a)(1), 2036(a)(2), 2038, and 2035 Arguments