Favorable Buy-Sell Provision Disregarded Where Decedent Controlled FLP in Life

Business Valuation Update BVLaw
Legal and Court Case Update
July 22, 2005
1731 Electrical Work
estate and gift taxation

Smith v. U.S. (II)
No. 02-264-ERIE (W.D. PA 2005)
US
Federal Court
Pennsylvania
United States District Court
Baxter

Summary

A Magistrate for the U.S. District Court of the Western District of Pennsylvania granted a motion for summary judgment applying of sec. 2703 to disregard a buy-sell provision in a FLP agreement, and thus, disregard the valuation decrement occasioned by th ...

See Also

Smith v. U.S. (II)

A Magistrate for the U.S. District Court of the Western District of Pennsylvania granted a motion for summary judgment applying of sec. 2703 to disregard a buy-sell provision in a FLP agreement, and thus, disregard the valuation decrement occasioned by th ...