District Court Applies Discounts to Partnership Interest on Remand

Business Valuation UpdateVol. 7 No. 11
Legal and Court Case Update
November 2001
7349 Building Cleaning and Maintenance Services, NEC
estate and gift taxation

Adams v. U.S. (III)
88 AFTR2d Par. 2001-5361 (N.D. Tex. 2001)
August 24, 2001
Federal Court
United States District Court
Wiener Jr.


The Mendenhall estate consisted of a 25% assignee interest in Taylor Properties, a dissolved Texas general partnership.

See Also

Adams v. U.S. (III)

The U.S. District Court for the Northern District of Texas applied valuation discounts in determining the value of an assignee interest in a dissolved Texas general partnership. The District Court adopted the discounts proposed by the estate’s expert-- a ...