Tax Law Update

Tax Court rules in favor of taxpayer in family limited partnership case, noting the marital deduction In Estate of Charlene B. Shurtz v. Commissioner, T.C. Memo 2010-21, the Tax Court held for the taxpayer that assets transferred to a family limited partnership (FLP) were not included in the decedent's gross estate under Internal Revenue Code Section 2036. Charlene Shurtz, along with her two siblings,

David A. Handler, partner in the Chicago office of Kirkland & Ellis LLP, and Alison E. Lothes, as | Apr 01, 2010

Tax Court rules in favor of taxpayer in family limited partnership case, noting the marital deduction — In Estate of Charlene B. Shurtz v. Commissioner, T.C. Memo 2010-21, the Tax Court held for the taxpayer that assets transferred to a family limited partnership (FLP) were not included in the decedent's gross estate under Internal Revenue Code Section 2036.

Charlene Shurtz, along with her two siblings, inherited from her parents interests in a family business

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.

If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.

Questions about your account or how to access content?

Contact: [email protected]

Hide comments

Load More

Comments

Plain text