Tax Law Update 2008-10-01 (1)Tax Law Update 2008-10-01 (1)
Estate of a 9/11 widow who commits suicide is not eligible for reduced estate tax rates. In Estate of Kalahasthi v. United States (C.D. Calif., No. CV 07-05771 MMM (RCx), July 7, 2008), the U.S. District Court for the Central District of California held that a spouse who commits suicide after her husband dies in a terrorist attack is not herself to be considered a victim of the attack for purposes
October 1, 2008
David A. Handler, partner in the Chicago office of Kirkland & Ellis LLP
Estate of a 9/11 widow who commits suicide is not eligible for reduced estate tax rates.
In Estate of Kalahasthi v. United States (C.D. Calif., No. CV 07-05771 MMM (RCx), July 7, 2008), the U.S. District Court for the Central District of California held that a spouse who commits suicide after her husband dies in a terrorist attack is not herself to be considered a victim of the attack for purposes of Internal Revenue Code Sections 2201 and 692. Those sections provide a reduced estate tax rate for the estates of terrorist attack victims.
Prasanna Kalahasthi, a 25-year-old dental student at the University of Southern California, and Pendyala “Vamsi” Vamsikrishna, a 30-yea...
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