Article on Estate of Adell

Kerry A. Ryan (Saint Louis University School of Law) recently published an article entitled, Valuation Lessons From Estate of Adell, 144 Tax Notes 1455 (Sept. 22, 2014). Provided below is the abstract from SSRN:

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.