Definition of "blockage"
  1. The state when a sizable group of property items, such as stock shares, necessitate a special valuation for estate and gift tax purposes because the aggregate value of the items when sold as a unit is not the same as their value when sold separately
How to use "blockage" in a sentence
  1. The executors of the estate needed to consider the blockage issue when valuing the deceased's extensive stock portfolio.
  2. Due to a significant number of assets involved, the attorney suggested using the blockage principle for valuation purposes during estate planning.
  3. Blockage was a critical aspect for the family, as they had several shares of stock to include in the gift tax calculations.

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