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Motion to quash writ of execution denied: Estate tax levy on antique cello survives executor's claim that a trust owned the instrument.
- Source :
- Journal of Accountancy; Oct2023, p34-36, 3p
- Publication Year :
- 2023
-
Abstract
- The article discusses a court's decision to deny a motion to quash a writ of execution on an antique cello, asserting that a trust beneficiary's interest in the property allows the government to levy it for estate tax liabilities. It mentions the case involved Omar Firestone, executor for Ghaida M. Firestone's estate, who created a trust for the cello, but the court found that Firestone still held an equitable interest in the instrument, making it subject to levy for outstanding tax debt.
- Subjects :
- INHERITANCE & transfer tax
TRUST
CELLO
ANTIQUES
TRUSTS & trustees
Subjects
Details
- Language :
- English
- ISSN :
- 00218448
- Database :
- Complementary Index
- Journal :
- Journal of Accountancy
- Publication Type :
- Periodical
- Accession number :
- 172747292