Summary
Whether gifts of property should be valued as a whole or as separate fractional interests, with appropriate discounts, depends on when the interests are separated, during the decedent’s lifetime or at death.
Estate of Adler v. Commissioner of Internal Revenue
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See Also
Fractional Interest in Estate Tax Turns on Type, Timing of Gift
Whether gifts of property should be valued as a whole or as separate fractional interests, with appropriate discounts, depends on when the interests are separated, during the decedent’s lifetime or at death.