⁸Audrey J. Walton, 115 TC No. 41 (2000).

⁹Ironically, the GRAT strategy was a complete tax planning failure for Mrs. Walton. The trust was funded with Wal-Mart stock that paid little or no cash dividends. The strategy's success hinged on the stock's value increasing faster than the required annuity payment. The stock price failed to increase sufficiently during the two-year GRAT term; thus, the trustee was forced to return all of the Wal-Mart stock to Mrs. Walton as part of the annuity payments.

¹⁰Est. of Paul C. Gribauskas, 116 TC 142 (2001).

¹¹Est. of Thomas J. Shackleford, ED CA, 8/6/99.

¹²Rev. Proc. 2000-34, IRB 2000-34, 186.

¹³Est. of Marie A. Bies, TC Memo 2000-338.

¹⁴Est. of Robert V. Schuler, TC Memo 2000-392.

¹⁵Robert Rosano, 2d Cir., 4/4/01.

¹⁶Est. of Dorothy M. Schauerhamer, TC Memo 1997-242.

¹⁷Est. of Charles E. Reichardt, 114 TC 144 (2000).

¹⁸Est. of Albert Strangi, 115 TC 478 (2000).

¹⁹Blaine P. Kerr, 113 TC 449 (1999).

²⁰Est. of W.W. Jones II, 116 TC 121 (2001).

²¹J.C. Shepherd, 115 TC No. 30 (2000).

²²Ina F. Knight, 115 TC No. 36 (2000).

²³Est. of Charles A. Borgatello, TC Memo 2000-264.

²⁴Notice 2001-10, IRB 2001-5, 459.

²⁵Rev. Ruls. 64-328, 1964-2 CB 11, and 66-110, 1966-1 CB 12.