Tax Court ruling can reduce overall estate tax liability

10/31/2013 | ThinkAdvisor

A recent Tax Court ruling embraced a valuation strategy that can be used to reduce the impact of the three-year bringback rule and reduce overall estate tax liability for clients, according to this article. The court found that the donees' assumption of potential estate tax liability under an agreement that conditioned the gift on paying the tax could reduce the value of gifts made to them, thus reducing the donees' estate tax liability.

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