ESTATE OF JOHNSTON BY PAYNE v. UNITED STATES

Civ. A. No. CA 3-79-1271-G.

586 F.Supp. 500 (1984)

The ESTATE OF Nellie S. JOHNSTON, Deceased, by Robert B. PAYNE, Independent Executor, Plaintiff, v. UNITED STATES of America, Defendant.

United States District Court, N.D. Texas, Dallas Division.

April 27, 1984.


Attorney(s) appearing for the Case

Robert B. Payne and Robert Q. Stanton, Dallas, Tex., for plaintiff.

Martha Joe Stroud, Asst. U.S. Atty., Michael E. Greene and Steven Shapiro, Tax Div., Dallas, Tex., for defendant.


MEMORANDUM ORDER

FISH, District Judge.

Question Presented

These cross-motions for summary judgment present the following question of first impression concerning the federal estate tax: When a decedent's estate is valued on the alternate valuation date (i.e., six months after the date of death), should that value include proceeds from the sale of oil and gas produced since the date of death? In other words, do such proceeds represent a change...

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