Continued Enjoyment of Property Leads to Disregard of FLPs

Business Valuation UpdateVol. 10 No. 6
Legal and Court Case Update
June 2004
estate and gift taxation
estate tax

Estate of Abraham v. Commissioner (I)
T.C. Memo 2004-39, 2004 Tax Ct. Memo LEXIS 41
February 18, 2004
Federal Court
United States Tax Court
Brendan J. Shea
Michael Lipof (for estate)


The issue in this estate tax case was whether three family limited partnerships (FLPs) should be respected for estate tax purposes.

See Also

Estate of Abraham v. Commissioner (I)

At issue is the inclusion of certain properties in the gross estate which decedent had transferred while alive but from which retained generated income.