The Lottery Cases and Ithaca Trust
3 Pages Posted: 12 May 2012
Date Written: May 10, 2012
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: Suggested Citation