Are Adjustment Clauses in Disclaimers Void as Against Public Policy?

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dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T04:12:53.000
dc.date.accessioned 2020-06-29T22:56:03Z
dc.date.available 2020-06-29T22:56:03Z
dc.date.embargo 2017-11-27
dc.date.issued 2009-12-18
dc.description.abstract <p>In a 2009 Eighth Circuit Court of Appeals case, <em>Estate of Christiansen v. Commissioner</em>,<strong>1 </strong>the issue of fractional or formula disclaimers was raised, with the Eighth Circuit confronted<strong> </strong>with the assertion by the Internal Revenue Service that “. . . such disclaimers should be<strong> </strong>categorically disqualified as against public policy.”<strong>2 </strong>The case involved the estate of a South<strong> </strong>Dakota rancher who had implemented a rather novel estate plan prior to her death.<strong>3 </strong>The<strong> </strong>appellate court upheld a bequest of property to a charitable foundation as a result of the<strong> </strong>daughter’s disclaimer in an amount that reflected the increased valuation of the property<strong> </strong>included in the gross estate.<strong>4</strong></p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol20/iss24/1/
dc.identifier.articleid 2004
dc.identifier.contextkey 11156288
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol20/iss24/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3491
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol20/iss24/1/AgLawDigest_v20n24_01.pdf|||Fri Jan 14 17:51:25 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Are Adjustment Clauses in Disclaimers Void as Against Public Policy?
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 80b094d5-7b24-47e7-be3d-d6c96f0beb74
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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