Court Interprets Limited Partners' Rights to Be Very Restricted
In 1988, Host Marriott arranged to form a limited partnership to own three hotels and a 50% interest in a fourth.
Court Utilizes DCF Valuation Method, Decries Failure to Consider Willing Seller
At date of death, decedent owned a 1% general partnership interest and a 23.9650903% limited partnership interest in LKB Associates, a limited partnership organized under the laws of the District of Columbia.
Two Valuation Approaches Found Reasonable for Valuing Individual Billboards
The Wisconsin Court of Appeals affirmed the lower court's valuation of two billboards using an income approach in this inverse condemnation case.
In re Marriott Hotel Properties II
At issue is plaintiff's contention that the purchase price for any and all of the outstanding limited partnership units should have included a control premium and the defendants had a fiduciary duty.
Lehmann v. Commissioner
At issue is whether petitioner correctly valued the partnership interests in LKB Associates for purposes of decedent's gross estate.
Estate of Frank v. Commissioner
Issues are whether 91 shares of common stock are includable in decedent's gross estate pursuant to sections 2038(a)(1) and 2035(d)(2), and valuation of the stock.
Estate of Keitel v. Commissioner
At issue is the fair market value of decendent's motel complex and the valuation of the motel stock.