Walsh v. Bowers, 2021 U.S. Dist. LEXIS 177184 As we have reported on in the Business Valuation Update, BVWire, and the Business Valuation Law Alert, several court decisions have found sponsors and trustees of ESOPs liable for fiduciary failures. One of...
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Estate planning can be a risky business. Some of those risks were on full display in a recent tax case, Nelson v. Comm’r, 2021 U.S. App. LEXIS 32741 (Nov. 3, 2021). This case, on appeal from the Tax Court to the...