A high-net worth client had passed away resulting in a taxable estate. Over the past 20 years the client had made significantly loans to the junior generation in return for various note receivables. The notes differed with regard to duration and risk; however, one facet that they had in common was their below market interest rates. Stout was able to determine the fair market values of the various notes and conclude that the outstanding balances of the notes significantly overstated their fair market value. Based on sound methodology and a strong emphasis on data, Stout was able to significantly reduce the tax burden on the estate.