Another FLP Bites the 2036 Bullet

Business Valuation UpdateVol. 11 No. 9
Legal and Court Case Update
September 2005

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estate and gift taxation
family limited partnership (FLP), estate tax, section 2036
Estate of Korby v. Commissioner
T.C. Memo 2005-103; 2005 Tax Ct. Memo LEXIS 102
May 10, 2005
US
Federal Court
United States Tax Court
David W. Johnson, Helen H. Keuning, James A. Beitz
Paul R. Kenworthy, C.F.P. (for estate)
Goeke

Summary

In this estate tax case, the issue was whether the value of assets contributed to a family limited partnership (FLP) was includable in the decedent’s gross estate; the Tax Court held it was.

See Also

Estate of Korby v. Commissioner

Full Text of Court Cases
May 10, 2005

In this estate tax case, the issue was whether the value of assets contributed to a family limited partnership (FLP) was includable in the decedent's gross estate; the Tax Court held it was.