Annuity Tables Versus Factually-Based Estate Tax Valuation: Ithaca Trust Revisited

This Article discusses Ithaca Trust and that case's emphasis on the integrity of actuarial tables for estate tax valuation purposes. The author argues that application of actuarial table values for estate tax valuation is the best means to value estates where use of tables is mandated, despite recent decisions that have allowed admission of facts to alter the valuation of property where actuarial table values should have applied.