The Lottery Cases and Ithaca Trust
Wendy C. Gerzog
University of Baltimore - School of Law
May 10, 2012
Tax Notes, Vol. 101, No. 2, 2003
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.
Number of Pages in PDF File: 3
Keywords: lottery, valuation, estate tax, postdeath facts, actuarial tables, Ithaca Trust, Shackleford, Gribauskas
JEL Classification: H20, H24, H29, K34Accepted Paper Series
Date posted: May 12, 2012
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