116 T.C. No. 12 UNITED STATES TAX COURT ESTATE OF PAUL C. GRIBAUSKAS, DECEASED, ROY L. GRIBAUSKAS AND CAROL BEAUPARLANT, CO-EXECUTORS, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 3107-98. Filed March 8, 2001. In late 1992, D and his former spouse won a Connecticut LOTTO prize payable in 20 annual installments. At the time of his death in 1994, D was entitled to receive 18 further annual payments of $395,182.67 each. Held: The lottery payments must be included in D’s gross estate and valued for estate tax purposes through application of the actuarial tables prescribed under sec. 7520, I.R.C. Michael J. Kopsick and William J. Dakin, for petitioner. Carmino J. Santaniello, for respondent.Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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