5th Circuit Ratifies 47.5% Discounts to FLP Asset Values

Business Valuation UpdateVol. 18 No. 11
Legal and Court Case Update
November 2012
6733 Trusts, Except Educational, Religious, and Charitable
federal taxation

Keller v. United States
2012 U.S. App. LEXIS 20119
September 25, 2012
US
Federal Court
5th Circuit
United States Court of Appeals
[unnamed]
Jones

Summary

5th Circuit affirms district court findings that overall intent of widow was to establish a family limited partnership (FLP), despite funding but failing to finalize its formation; accordingly, the court upheld the 47.%% combined discounts applied to the ...

See Also

Keller v. United States

5th Circuit affirms district court findings that overall intent of widow was to establish a family limited partnership (FLP), despite funding but failing to finalize its formation; accordingly, the court upheld the 47.%% combined discounts applied to the ...