gift in contemplation of deathgift in contemplation of death
n. (called a gift causa mortis by lawyers showing off their Latin), a gift of personal property (not real estate) by a person expecting to die soon due to ill health or age. Federal tax law will recognize this reason for a gift if the giver dies within three years of the gift. Treating the gift as made in contemplation of death has the benefit of including the gift in the value of the estate, rather than making the gift subject to a separate federal gift tax charged the giver. If the giver gets over an apparently mortal illness, the gift is treated like any other gift for tax purposes.
See also: gift tax unified estate and gift tax
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LA MOTOCROS FREESTYLE Y EL FC BARCELONA SON PASION DE SIEMPRE. ADORO VIVIR PARA TENER EXITO Y SIEMPRE DESEO MAS A MANERA DE SUPERACION. DIOS, MI ESPOSA Y MIS HIJOS ME DAN LA FUERZA.
orfilia, 40 Honduras, Tegucigalpa
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Irina, 23 Russian Federation, Saransk
Native language: Russian
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My name is Irina. I am a girl from Russia who is absolutely crazy about learning foreign languages, meeting new people all over the world, travelling and getting to know new cultures, traditions and customs. :) What is more, I am nice, honest, sincere, I hate lies!>.<
Hola a todos!
Me llamo Irina. Soy una chica rusa a quien le gusta aprender idiomas, conocer gente nueva, viajar por el mundo y conocer nuevas culturas , costumbres y tradiciones.
Ademas soy amable, honesta, sincera, no me gustan las mentiras.