As I have previously discussed, tax issues were a major focus of this year’s 49th Annual Heckerling Institute on Estate Planning. Two ongoing tax cases involving the IRS and trusts were part of that tax minded focus. The two cases are Estate of Donald Woelbing v. Commissioner and Estate of Marion Woelbing v. Commissioner, which both involve valuation of a promissory note and stock sold to a trust, and the applicability of IRC Sections 2036 and 2038.
See Kevin Matz, A View From the Audience at Heckerling: Part II, Wealth Management, Feb. 23, 2015.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
