Valuation Lessons From Estate of Adell

3 Pages Posted: 8 Oct 2014

See all articles by Kerry A. Ryan

Kerry A. Ryan

Saint Louis University School of Law

Date Written: September 22, 2014

Abstract

In Estate of Adell, the Tax Court determined that the correct value of a decedent’s interest in a closely held corporation was the figure reported on the original estate tax return. The court rejected alternative values as either using the incorrect valuation method or failing to account for the significant value of a key employee’s personal goodwill.

Keywords: estate tax, stock, valuation, goodwill, Tax Court

JEL Classification: E62, H20, H24, K34

Suggested Citation

Ryan, Kerry A., Valuation Lessons From Estate of Adell (September 22, 2014). Tax Notes, Vol. 144, No. 12, 2014, Available at SSRN: https://ssrn.com/abstract=2506289

Kerry A. Ryan (Contact Author)

Saint Louis University School of Law ( email )

100 N. Tucker Blvd.
St. Louis, MO 63101
United States
3149777237 (Phone)
3149773332 (Fax)

HOME PAGE: http://law.slu.edu/

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
180
Abstract Views
744
rank
182,490
PlumX Metrics