In re Estate of Berry

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April 24, 2007

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estate and gift taxation
In re Estate of Berry
2007 Pa. Commw. LEXIS 182
US
State Court
Pennsylvania
Court of Appeals
James Vincent (estate)
Flaherty

Summary

IRS allowed 33% combined discount for FLP—but Court rules that state (Penn.) Department of Revenue does not have to defer to IRS calculations to disallow discount.
In re Estate of Berry
PDF, Size: 30 KB

See Also

Two Cases Question FLPs as Estate Planning/Asset Protection Devices

Legal and Court Case Update
July 2007

IRS allowed 33% combined discount for FLP—but court rules that state (Pennsylvania) Department of Revenue does not have to defer to IRS calculations to disallow discount.