Estate of Holliday: "FLPing" the Script

Phyllis C. Taite, Florida A&M University College of Law


In this article, Taite examines Estate of Holliday, in which the Tax Court held that the full value of property transferred to a family limited partnership was properly includable in the decedent’s estate because the decedent had a retained right in the property and no significant nontax reasons for making the transfer.