Steve Akers & Ron Aucutt, of Bessemer Trust, have made available their summary of Estate of Warne v. Commissioner, T.C. Memo. 2021-17. The summary is as follows:
Estate of Warne v. Commissioner, T.C. Memo. 2021-17 values majority interests in LLCs owning real estate and addresses reductions of the available estate tax charitable deduction for interests passing to multiple charities.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.