Article

Post-Death Actions By Estate May Affect Amount of Charitable Deduction

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Abstract

In general, a decedent’s estate is allowed a charitable deduction for the fair market value of property passing from the estate to a charitable organization. Limited interests in property passing to a charity have not been deductible under the federal estate tax charitable deduction if accompanied by a non-charitable interest. A 2016 Tax Court case recently affirmed by the Ninth Circuit Court of Appeals involved the passing of the decedent’s entire interest in family corporation stock to a trust and focused on the issue of whether the post-death activities of the trustee and corporation affected the value of the stock for purposes of the estate tax charitable deduction.

How to Cite:

Achenbach, R. P., (2019) “Post-Death Actions By Estate May Affect Amount of Charitable Deduction”, Agricultural Law Digest 30(7), 49–50.