Estate Planning Community Splits Over Consequences of Cahill

Loeb & Loeb partner Todd Steinberg is quoted in this Tax Notes article on the similarities between the Estate of Cahill holding and the Estate of Powell v. Commissioner concept, and why the IRS and Tax Court judges may cite Powell more often. This article discusses The Tax Court’s holding in Estate of Cahill, which may reveal an emerging pattern in the court's thinking that some estate tax practitioners are worried could fundamentally alter their profession.