Definition of applicable restriction for valuation purposes may be expanded.

Wealth has just released an article written by Jonathan and Matthew Blattmachr that discusses the impact of anticipated regulatory changes to IRC Section 2704(b). To combat end runs around this section of the Code, legislation has been proposed that would create an additional category of restrictions (disregarded restrictions) that would be ignored in valuing an interests in a family-controlled entity transferred to a member of the family if, after the transfer, the restriction will lapse or may be removed by the transferor and/or transferor’s family. For more information, you can view the complete article at: