Important Legal Cases
- Audrey J. Walton v. Commissioner, 115 T.C. 589 (2000), acq. Notice 2003-72, 2003-44 IRB, 15 October 2003. This case established the current way that the IRS established a gift value for a GRAT.
Read more about this topic: Grantor Retained Annuity Trust
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“Nothing is so important to man as his own state; nothing is so formidable to him as eternity. And thus it is unnatural that there should be men indifferent to the loss of their existence and to the perils of everlasting suffering.”
—Blaise Pascal (1623–1662)
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“For the most part, we are not where we are, but in a false position. Through an infirmity of our natures, we suppose a case, and put ourselves into it, and hence are in two cases at the same time, and it is doubly difficult to get out.”
—Henry David Thoreau (1817–1862)