Tax Court Holds That a Portion of Contributions Made to a Family Farming Corporation Upon Its Formation Were Gifts to Younger Generations

Business Valuation Update BVLaw
Legal and Court Case Update
May 30, 1995

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0191 General Farms, Primarily Crop
111998 All Other Miscellaneous Crop Farming
estate and gift taxation
Estate of Helen M. Trenchard v. CIR
T.C. Memo. 1995-121
US
Federal Court
United States Tax Court
John T. Scott <br> Donald M. Nelson <br>
Laro

Summary

The Tax Court concluded that gifts were made when the decedent formed a family corporation to which she transferred a family farm.

See Also

Estate of Helen M. Trenchard v. CIR

Full Text of Court Cases
May 30, 1995

The Tax Court concluded that gifts were made when the decedent formed a family corporation to which she transferred a family farm. Her child and grandchildren also contributed less valuable assets. In return for their contribution, the decedent received p ...