The Lottery Cases and Ithaca Trust

3 Pages Posted: 12 May 2012

See all articles by Wendy C. Gerzog

Wendy C. Gerzog

University of Baltimore - School of Law

Date Written: May 10, 2012

Abstract

It is this author’s contention that Ithaca Trust holds that when valuation must be computed by actuarial methods, all facts, except for those necessary to use the tables, must be ignored. This requirement is so despite the fact that an actual facts-and-circumstances analysis would likely produce a more realistic result.

Keywords: lottery, valuation, estate tax, postdeath facts, actuarial tables, Ithaca Trust, Shackleford, Gribauskas

JEL Classification: H20, H24, H29, K34

Suggested Citation

Gerzog, Wendy C., The Lottery Cases and Ithaca Trust (May 10, 2012). Tax Notes, Vol. 101, No. 2, 2003, Available at SSRN: https://ssrn.com/abstract=2055726

Wendy C. Gerzog (Contact Author)

University of Baltimore - School of Law ( email )

1420 N. Charles Street
Baltimore, MD 21218
United States
410-837-4522 (Phone)

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