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Ellen owns a 60% interest in the stock of a corporation/the remaining 40% is owned...

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Accounting

Ellen owns a 60% interest in the stock of a corporation/the remaining 40% is owned by her brother. Ellen transfers a 15% interest to her son. 2Y later, Ellen dies owning a 45% interest in the corporation. Ellen's will devised a 36% interest to her son, and the remaining 9% interest is devised in equal shares to her nephews and nieces, 9 total. Ellen's executor asserts a minimal value on the 1% stock interest left to each niece and nephew. Comment on the estate's argument.

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