VALUING CLAIMS FOR ESTATE TAX PURPOSES.

• Author: Josephs, Stuart R.
• Position: Brief Article

The IRS again follows its own path. In Estate of Smith, Dec. 15, 1999, the Fifth Circuit Court of Appeals held that claims against the estate must be valued at the date of death--ignoring post-death events, such as settlements for lesser amounts. Consequently, relying on this decision could produce greater...