Estate Fails to Meet 2036(a) Requirements; Partnership's Assets Included in Gross Estate

Business Valuation UpdateVol. 9 No. 4
Legal and Court Case Update
April 2003
5511 Motor Vehicle Dealers (New and Used)
estate and gift taxation

Kimbell v. United States
No. 01-CV-0218-R (ND Tex. 2003)
January 14, 2003
Federal Court
United States District Court


After decedent's death, her estate filed returns listing the value of decedent's 99% partnership interest as $1.257 million.

See Also

Kimbell v. United States

The U.S. District Court for the Northern District of Texas determined that a transfer of assets from a trust controlled by the decedent in exchange for a 99% limited partnership interest and a 50% interest in the corporate general partner was not a bona f ...