Estate of Holliday: FLPing the Script, Tax Notes

Professor Phyllis C. Taite has published her article, “Estate of Holliday: FLPing the Script” in Tax Notes. The Abstract reads as follows:

Phyllis C. Taite examines Estate of Holliday, in which the Tax Court held that the full value of property transferred to a family limited partnership was properly includable in the decedent’s estate because the decedent had a retained right in the property and no significant nontax reasons for making the transfer.

See full article at Tax Notes Website (subscription required).

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.