• Tax Court determines value of decedent’s interest in family holding company—The Tax Court recently decided another family limited partnership valuation case in its memorandum decision, Estate of Helen P. Richmond, T.C. Memo. 2014-26. On her death, Helen owned a 23.44 percent interest in Pearson Holding Company (PHC), a family-owned company that owned primarily publicly traded stock. The stated purpose of PHC was to preserve capital and maximize dividend income. When ...

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