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.
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