Summary
The U.S. District Court for the Northern District of Texas determined that a transfer of assets from a trust controlled by the decedent in exchange for a 99% limited partnership interest and a 50% interest in the corporate general partner was not a bona f ...
Kimbell v. United States
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See Also
Estate Fails to Meet 2036(a) Requirements; Partnership's Assets Included in Gross Estate
After decedent's death, her estate filed returns listing the value of decedent's 99% partnership interest as $1.257 million.
Value of Assets Transferred to Limited Partnership Must Be Included in the Gross Estate
the U.S. District Court for the Northern District of Texas considered a motion for partial summary judgment regarding a refund of estate tax.