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NOTES 335 Tax Lawyer, Vol. 56, No. 1 NOTE TREATING LOTTERY PAYMENTS AS AN ANNUITY FOR ESTATE TAX PURPOSES: ESTATE OF GRIBAUSKAS V. COMMISSIONER In Estate of Gribauskas v. Commissioner,1 the Tax Court held that a decedent’s right to receive lottery payment installments constituted a private annuity,2 which should be valued through the use of the actuarial tables mandated by section 7520.3 The lottery payments were includable in the decedent’s gross estate under section 2033 even though the right...

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