The document discusses litigation involving Edward, Mickey, and Sumner over stock ownership and trust agreements. Edward settled litigation by selling two-thirds of his stock and creating a trust for his children. Sumner later made similar arrangements voluntarily. The Tax Court ruled no gift was made by Edward due to arm's-length bargaining, but determined Sumner made a gift as there was no dispute over his stock ownership.
documents/vol00010-efta01459106-pdf.pdf
{"key_people":["Edward","Mickey","Sumner","Belle","O'Connor"],"document_date":"2006","document_type":"legal","key_locations":["Massachusetts"],"document_subtype":"court decision","key_organizations":["NAI","Massachusetts Superior Court","IRS","Tax Court"]}