The district court concluded that the decedent's remaining lottery payments should be valued by reference to the "gray market" even though the payments bore an absolute restriction on their transfer, instead of by reference to the annuity tables in 26 USC ...
Estate of Thomas J. Shackleford (Shackleford II) v. United States of America
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Future Lottery Payments Valued by Reference to the Gray Market
The U.S District Court for the Eastern District of California considered the value of future lottery payments.