Wills, Trusts & Estates Prof Blog

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

Friday, May 25, 2018

Article on Minority Discounts: The Alchemy in Estate and Gift Taxation

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2018-05-26/47106395-c2fb-486a-806b-0984c4bf1b4f.pngJames R. Reptti published an Article entitled, Minority Discounts: The Alchemy in Estate and Gift Taxation, Wills, Trusts, & Estates Law eJournal (posted in 2018; originally written in 1995). Provided below is an abstract of the Article:

A pernicious force is stalking the American economic landscape. Individuals owning valuable properties have watched their value decrease by 30 to 40% with the stroke of a pen. This wholesale and wanton destruction of value has not created consternation, however. Indeed, it is often the result of careful planning for which the owners of the devalued property pay large fees to appraisers and lawyers. A common tool of estate planning involves the purposeful diminution in value of family property in order to reduce estate and gift taxes.


Articles, Estate Planning - Generally, Estate Tax, Gift Tax | Permalink


Prof. Beyer, please note that this article was posted online a week ago, but it was written in 1995.

GWB: Thanks for noticing. I've revised the posting accordingly.

Posted by: Marc Goldin | May 29, 2018 4:58:21 PM

Post a comment