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 Search for pronunciation examples


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!

  • alex, 24
    Guatemala, Guatemala City
    Native language: Spanish
    Foreign language: English, German
    Hola, estoy interesado en aprender idiomas y como tambien enseñar el español a otras personas q lo deseen, mis hobbies son las peliculas, musica, videos, etc...... M interesan personas cariñosas, amables y q confien en mi........
    alex
  • mourad, 19
    Morocco, Pozuelo De Alarcã³N
    Native language: Catalan, English
    Foreign language: Bulgarian
    mourad
  • Bekasyl, 21
    Kazakhstan, Pavlodar
    Native language: Russian
    Foreign language: Russian
    Bekasyl
  • Maria Pia, 17
    Peru, Lima
    Native language: Spanish
    Foreign language: Spanish
    Soy muy buena persona que ayuda a alguien cuando lo necesita, sobre todo en cuidar a bebes y niños pequeños
    Maria Pia
  • walter moises, 20
    Peru, Lima
    Native language: Spanish
    Foreign language: English
    walter moi...
  • alejandro cardenas , 17
    Colombia, Colombia
    Native language: English
    Foreign language: German
    alejandro ...
  • Ady Chavez Palacios, 39
    Nicaragua, Matagalpa
    Native language: Spanish
    Foreign language: Spanish
    Ady Chavez...
  • Esthefany, 22
    Venezuela, Guayana
    Native language: Spanish
    Foreign language: English
    Esthefany
  • Bladi, 28
    Ecuador, Riobamba
    Native language: Spanish
    Foreign language: Spanish
    Bladi
  • douglas, 46
    China, Guangzhou
    Native language: Spanish
    Foreign language: English
    douglas
  • gerson espinal, 22
    Honduras, Tegucigalpa
    Native language: Spanish
    Foreign language: English, French
    me gustad mucho el futbol y soy 100% barcelona
    gerson esp...
  • DAVID EDIE, 39
    Panama, Colon
    Native language: Spanish
    Foreign language: English
    DAVID EDIE
  • Javier Garcia, 29
    Venezuela, Caracas
    Native language: Spanish
    Foreign language: English
    Javier Gar...
  • Rebecca, 42
    United States, Knoxville
    Native language: English
    Foreign language: Spanish
    Rebecca
  • KaRo GuZmAn, 17
    El Salvador, Opico
    Native language: English
    Foreign language: Spanish
    KaRo GuZmA...
  • angel gonzalez castillo, 25
    Mexico, Coahuila
    Native language: Spanish
    Foreign language: English
    i&# 39; m Michael from mexico city... i&# 39; m 23 years old , quisiera conocer gente de otros países, america del sur... espero platicar con ustedes... :) Dios los Bendiga
    angel gonz...
  • marla castillo
    Honduras, Tegucigalpa
    Native language: English
    Foreign language: English
    marla cast...
  • javier, 22
    Peru, Lambayeque
    Native language: Spanish
    Foreign language: Spanish
    javier
  • Susodicho, 30
    Cuba, La Habana
    Native language: Spanish
    Foreign language: French
    Susodicho
  • juanxito, 24
    Mexico, Oaxaca De Juarez
    Native language: Spanish
    Foreign language: English
    juanxito