gift in contemplation of death - definition

Create account
Where to search:
Thesaurus


Dictionaries » Dictionary of Law » G »

gift in contemplation of death - definition



A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
(Non-alphabetical character)

gift 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



Permanent link to this page: http://www.diclib.com/cgi-bin/d1.cgi?l=en&base=en_law&page=showid&id=1007


Learn foreign languages chatting with us!

  • Eвгений, 25
    Ukraine, Нова Ушиця
    Native language: Ukrainian
    Foreign language: English
    Eвгений
  • pepe, 62
    Spain, Córdoba
    Native language: Spanish
    Foreign language: German
    pepe
  • gerson, 39
    Colombia, Bucaramanga
    Native language: Spanish
    Foreign language: English
    soy trabajador comerciante en el area de la construccion y bentas de nukin
    gerson
  • Mendoza, 24
    Panama, David
    Native language: Spanish
    Foreign language: English
    Mendoza
  • keyla, 25
    Ecuador, Guayaquil
    Native language: Spanish
    Foreign language: English
    keyla
  • jean carlos brea romano, 20
    Venezuela, Guacara
    Native language: Spanish
    Foreign language: English
    jean carlo...
  • Rodolfo, 20
    Colombia, Bogotá
    Native language: Spanish
    Foreign language: Russian
    Hi everyone! I&# 39; m Rodolfo and I am 19. I am a student of foreign languages and I really love to study them!! I hope to learn Russian and many others. I want to find good people who could help me, it&# 39; s necessary to improve my language skills. thanks!
    Rodolfo
  • Milandrys callaars, 17
    Venezuela, Edo. Nueva Esparta
    Native language: Spanish
    Foreign language: Dutch
    Milandrys ...
  • karla, 26
    China, Dalian
    Native language: Russian
    Foreign language: Russian, English, German, Chinese Simplified
    karla
  • esteban job, 19
    Peru, Tarapoto-San Martin
    Native language: Spanish
    Foreign language: Spanish, English
    esteban jo...
  • welington lebron, 35
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: English, Italian
    welington ...
  • yury castro, 26
    Honduras, La Ceiba Atlantida
    Native language: Spanish
    Foreign language: English
    yury castr...
  • princesita bella, 16
    Colombia, Bogotã¡
    Native language: Spanish
    Foreign language: Spanish
    princesita...
  • francys, 33
    Venezuela, Barquisimeto
    Native language: Spanish
    Foreign language: Spanish
    francys
  • WHIISHooooO, 22
    Mexico, Xicotepec
    Native language: Spanish
    Foreign language: English
    WHIISHoooo...
  • evelyn, 18
    Peru, Lima
    Native language: Spanish
    Foreign language: Spanish
    evelyn
  • Toms Aranda Luis, 66
    Mexico, Ciudad De México
    Native language: Spanish
    Foreign language: English
    Toms Arand...
  • ofa lopez, 21
    Nicaragua, Jinotepe
    Native language: Spanish
    Foreign language: English
    ofa lopez
  • Ксения, 20
    Russian Federation, Saint Petersburg
    Native language: Russian
    Foreign language: Russian
    Ксения
  • toni, 22
    Mexico, Veracruz
    Native language: Spanish
    Foreign language: English
    hola a todos xd me gustaría conocer gente con la cual pueda aprender ingles la verdad es que no soy nada bueno en el idioma y por ello si alguien pudiera ayudarme a aprender le o les agradecería mucho xd
    toni