Lottery Payments Must Be Valued as Private Annuities

Business Valuation Update BVLaw
Legal and Court Case Update
July 29, 1998

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estate and gift taxation
Estate of Thomas J. Shackleford (Shackleford I) v. United States of America
82 AFTR2d Par. 98-5133 (ED CA 1998)
US
Federal Court
California
United States District Court
Karlton

Summary

The U.S. District Court for the Eastern District of California considered whether unreceived lottery payments should be valued as a commercial annuity or as a private annuity including deviations from the annuity tables for lack of marketability.

See Also

Estate of Thomas J. Shackleford (Shackleford I) v. United States of America

Full Text of Court Cases
July 29, 1998

The U.S. District Court for the Eastern District of California considered whether unreceived lottery payments should be valued as a commercial annuity or as a private annuity including deviations from the annuity tables for lack of marketabilty. The cour ...