GRATs Valued as Single Life Annuity

Business Valuation Update BVLaw
Legal and Court Case Update
May 9, 2001

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estate and gift taxation
Patricia A. and John C. Schott v. CIR (Schott I)
T.C. Memo. 2001-110
US
Federal Court
United States Tax Court
Cohen

Summary

The Tax Court concluded that grantor retained annuity trusts (GRATs) from the plaintiffs should be valued as single life annuities rather than dual life annuities.

See Also

Patricia A. and John C. Schott v. CIR (Schott I)

Full Text of Court Cases
May 9, 2001

The Tax Court concluded that grantor retained annuity trusts (GRATs) from the plaintiffs should be valued as single life annuities rather than dual life annuities. It reached this decision after considering the fact that the grantor of each trust retained ...