Shackleford v. United States

Full Text of Court Cases
August 28, 2001
estate and gift taxation
estate tax, fair market value (FMV)

Estate of Shackleford v. United States
2001 U.S. App. LEXIS 19217
Federal Court
9th Circuit
United States Court of Appeals
Lance S. Hall (for estate)<br>Mitch Hoffman (for IRS)


At issue is whether a statutory anti-assignment restriction on lottery payments justifies departure from the Department of Treasury's annuity tables when determining the asset's present value.

See Also

Fair Market Value Trumps IRS Valuation Tables

In 1987, Thomas J. Shackleford bought a California Lottery ticket for $1 and won the jackpot.