Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, January 21, 2014

Tax Court Overrules McCord


The Tax Court ruled in Steinberg that a gift’s fair market value may be reduced by the donees’ assumption of the donor’s potential estate tax liability that is attributable to the gift.

The Steinberg decision overrules the Tax Court’s previous decision in McCord.

See Matthew A. Levitsky, United States: The Assumption of Estate Tax Liability May Reduce the Value of a Gift: The Tax Court Overrules McCord, Mondaq, Jan. 16, 2014.


Estate Tax, New Cases | Permalink

TrackBack URL for this entry:


Listed below are links to weblogs that reference Tax Court Overrules McCord:


Post a comment