Value of Gifted Stock Must Incorporate Effect of Clouded Title

Business Valuation Update BVLaw
Legal and Court Case Update
October 18, 2005
estate and gift taxation

United States of America v. Gordon E. Davenport
No. G-03-923 (S.D. Tex. 2005)
US
Federal Court
Texas
United States District Court
Donald Barker <br>
Froeschner

Summary

The U.S. District Court for the Southern District of Texas excluded an expert’s valuation because it failed to take into account the fact that the donor of the gifted stock did not have clear title to that stock.

See Also

United States of America v. Gordon E. Davenport

he U.S. District Court for the Southern District of Texas excluded an expert’s valuation because it failed to take into account the fact that the donor of the gifted stock did not have clear title to that stock because the stock was the subject of estate ...