Weld v. United States

Edward and Walter Weld appeal the decision of the United States Court of Federal Claims denying their consolidated claims for estate tax refunds. Weld v. United States, 31 Fed.Cl. 81 (1994). The trial court held on summary judgment that the Internal Revenue Service properly values for estate taxes United States Treasury Bonds known as “flower bonds” at their par value plus interest at the time of the owner’s death. Id. at 84. Flower bonds are long-term bonds redeemable, prior to maturity, at par value plus accrued interest upon the owner’s date of death for the payment of federal estate…