-
Victorious estate in FLP discount case — A district court in Arkansas ruled in favor of a decedent's estate and awarded it a refund of about $41 million. In Estate of Murphy v. United States, Case No. 07-CV-1013 (W.D. Ark. 2009), the court based its decision on valuation, estate inclusion and administrative expense deduction issues.
Charles H. Murphy, Jr. died on March 20, 2002, leaving an estate tax due (as calculated by his co-executors) of $46,265,434.
Tax Law Update
Victorious estate in FLP discount case A district court in Arkansas ruled in favor of a decedent's estate and awarded it a refund of about $41 million. In Estate of Murphy v. United States, Case No. 07-CV-1013 (W.D. Ark. 2009), the court based its decision on valuation, estate inclusion and administrative expense deduction issues. Charles H. Murphy, Jr. died on March 20, 2002, leaving an estate tax
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]
0 comments
Hide comments