Significant Recent Developments in Estate Planning— footnotes

¹ This group includes officers, directors, and highly compensated employees, as defined in Sec. 414(q).

² This group includes greater-than-5% owners, employees earning over $100,000 in the preceding year, directors, or any employees in the top 35% of employees ranked by pay.

³ Sec. 101( j)(4).

⁴ Estate of Rosen, TC Memo 2006-115.

⁵ David A. Kimbell, Sr., 371 F3d 257 (5th Cir. 2004).

⁶ Note that even the Tax Court majority rejected a similar concept in Wayne C. Bongard, 124 TC 95 (2005).

⁷ Estate of Korby, 471 F3d 848 (8th Cir. 2006), aff’g TC Memo 2005-102.

⁸ IRS Letter Ruling (TAM) 200648028 (8/4/06).

⁹ Estate of Bonner, 84 F3d 196 (5th Cir. 1996).

¹⁰ Estate of Mellinger, 112 TC 26 (1999).

¹¹ Walter L. Gross, Jr., 272 F3d 333 (6th Cir. 2001), aff ’g TC Memo 1999- 254.

¹² Robert Dallas, TC Memo 2006-212.

¹³ Herbert V. Kohler, Jr., TC Memo 2006-152.

¹⁴ Carroll Janis, 469 F3d 256 (2d Cir. 2006), aff ’g TC Memo 2004-117.

¹⁵ Succession of Charles T. McCord, Jr., 461 F3d 614 (5th Cir. 2006), rev’g and rem’g 120 TC 358 (2003).

¹⁶ See Satchit, “McCord: Defined-Value Gifts at the Crossroads,” 38 The Tax Adviser 86 ( February 2007 ).

¹⁷ William L. Rudkin Testamentary Trust, 467 F3d 149 (2d Cir. 2006).

¹⁸ Estate of Gerson, 127 TC 139 (2006).