Drafting Buy-Sell Agreements After True and Blount
Stephanie B. Casteel
PROBATE& PROPERTY JANUARY/FEBRUARY 2006 67 were legally binding and enforceable and binding both during life and at death, were recognized as establishing estate tax value even though there were significant discrepancies between the agreement price and the fair market value of the property in question at the time of death. In response to early cases, the IRS promulgated Treas. Reg. § 20.2031–2(h) in 1958, applicable to the transfer of estates of decedents dying after August 16, 1954, and Rev. Rul...