Calvin H. Johnson of the University of Texas at Austin School of Law and Joseph M. Dodge of Florida State University College of Law both review and analyze the inadequacies associated with the self-imposed temporary reductions on estate tax and the inadequacies of 2704(b) in preventing the technique. Their reasoning for a demand in change is in regards to the fact that the destruction of wealth by self-imposed temporary restrictions on estate assets is against public policy and value-reducing restrictions are merely temporary. Both authors propose to disregard and ignore value-reducing restrictions.
See Calvin H. Johnson (Texas) & Joseph M. Dodge (Florida State), "Passing Estate Tax Values Through the Eye of a Needle," 132 Tax Notes 939 (Aug. 29, 2011).
Posted by Marc Tan, Associate Editor, Wealth Strategies Journal.
Leave a comment