Estate of Kelly v. Commissioner

BVLaw
Full Text of Court Cases
March 19, 2012
6733 Trusts, Except Educational, Religious, and Charitable
525920 Trusts, Estates, and Agency Accounts
federal taxation

Estate of Kelly v. Commissioner
T.C. Memo 2012-73
US
Federal Court
Federal
United States Tax Court
None
Foley

Summary

Tax Court excludes the value of family limited partnership assets from the decedent’s gross estate, finding that her desires to ensure an equal distribution of the assets to her heirs as well as manage the properties were legitimate, nontax reasons to tra ...
Estate of Kelly v. Commissioner
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See Also

Well-Planned FLP Survives IRS Challenge

Tax Court excludes the value of family limited partnership assets from the decedent’s gross estate, finding that her desires to ensure an equal distribution of the assets to her heirs as well as manage the properties were legitimate, nontax reasons to tra ...