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How will Muhammad Ali’s estate play out?

The tragic death of icon and heavyweight boxing champ Muhammad Ali has left many unanswered questions about his estate. MWE Partner Amy Joyce talked to Investment News about the tug of war between the IRS and the estates of high net worth individuals when trying to determine the estate’s true value.

 

 

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“In the case of Michael Jackson, the IRS valued his name and image at more than $434 million upon death, whereas his estate valued it at $2,015. The parties are now in court.”

“Typically, you land somewhere in the middle when negotiating with the IRS, said Amy Joyce, partner at Margolin, Winer & Evens.” *Read More>>

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