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Estate Planning

: Wills, Trusts & Estates Prof Blog

Billionaire Dies 48 Hours Before Estate Tax is Reinstated

By Trusts EstatesProf

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In 1916, Seth Millikin, co-founder of textile manufacturing company Milliken & Co., attempted to avoid the newly created estate tax by giving his children shares of the company. He died in 1920, and the U.S. Supreme Court found that these...

Full post as published by Wills, Trusts & Estates Prof Blog on January 06, 2011 (boomark / email).

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