Tax Consequences Considered When Parties Borrowed Against Assets

Business Valuation Update BVLaw
Legal and Court Case Update
May 23, 1997

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6798 Real Estate Investment Trusts
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
marital dissolution/divorce
marital dissolution
Cabot v. Cabot
166 Vt. 485, 697 A.2d 644, 1997 Vt. LEXIS 101
US
State Court
Vermont
Supreme Court
Johnson

Summary

The Vermont Supreme Court affirmed the lower court's consideration of tax consequences when valuing the parties' gross estate. The parties lived well by borrowing against a $4 million investment account; thus, avoiding any taxes due to husband's low basi ...

See Also

Cabot v. Cabot

Full Text of Court Cases
May 23, 1997

At issue are whether tax consequences should be considered in valuing and distributing the parties stock investment account and the valuation of husband's interest in a commercial real estate business.