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!

  • Miguel, 26
    Cuba, Santiago De Cuba
    Native language: Spanish
    Foreign language: Italian, English, French
    Miguel
  • ELMER, 41
    Guatemala, Guatemala City
    Native language: Spanish
    Foreign language: Spanish
    OK. PUES SOY TRANQUILO. SOY CRISTIANO Y TENGO 3 MARAVILLOSOS HIJOS, SOY DIVORCIADO Y ME ENCANTA CONOCER PERSONAS. ME GUSTARIA CONOCER GENTE DE OTROS PAISES Y SABER QUE PIENSAN DE JESUCRISTO Y DE LAS PRUEBAS QUE HAN SUPERADO. BENDICIONES
    ELMER
  • Sonia, 33
    Honduras, San Pedro Sula
    Native language: Spanish
    Foreign language: English
    Sonia
  • yexy, 17
    Venezuela, Maracaibo
    Native language: Spanish
    Foreign language: Spanish
    yexy
  • Nick Harry Spears, 24
    Vietnam, Ho Chi Minh City
    Native language: Vietnamese
    Foreign language: English
    Nick Harry...
  • eliseo, 48
    Honduras, San Pedro Sula
    Native language: Spanish
    Foreign language: English
    my name is eliseo i hope some one in my page
    eliseo
  • gerson, 39
    Colombia, Bucaramanga
    Native language: Spanish
    Foreign language: English
    soy trabajador comerciante en el area de la construccion y bentas de nukin
    gerson
  • Marcos Nunez, 32
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: English
    Marcos Nun...
  • Nathasky Tigrero, 17
    Ecuador, Guayaquil
    Native language: Spanish
    Foreign language: Spanish
    Nathasky T...
  • Alisher, 25
    Tajikistan, Dushanbe
    Native language: Russian
    Foreign language: English
    Alisher
  • zulmire, 34
    Venezuela, Puerto La Cruz
    Native language: Spanish
    Foreign language: Italian
    EStudio aministracion..
    zulmire
  • anita, 26
    United States, New Yorkcity
    Native language: English
    Foreign language: English
    anita
  • ismael gonzalez, 16
    Mexico, Mazatlán
    Native language: Spanish
    Foreign language: English
    A mi me gusta hacer mucho ejercicio, me gustan las personas que son buena onda, me gusta relacionarme con todo tipo de gente, a mi gustan las mujeres que no son celosas, me gusta mucho la musica, me gustan ver peliculas de vampiros, de brujeria, etc......
    ismael gon...
  • max, 29
    Russian Federation, Moscow
    Native language: Russian
    Foreign language: English, Japanese, French
    max
  • Milena, 39
    Colombia, Bogotã¡
    Native language: Spanish
    Foreign language: English
    Soy Diseñadora de vestidos de baño. Me gusta ir a cine , bailar y conocer personas . Soy muy sociable y amable.
    Milena
  • maria espinoza paredes, 21
    Peru, Iquitos
    Native language: Spanish
    Foreign language: Portuguese
    maria espi...
  • Esperanza
    China, Beijing
    Native language: Chinese Simplified
    Foreign language: English, Spanish
    Esperanza
  • Shifu Franco, 16
    Guatemala, Guetmala
    Native language: Chinese Traditional
    Foreign language: Spanish
    Shifu Fran...
  • Reynaldo Pernalette, 31
    Argentina, Buenos Aires
    Native language: Spanish
    Foreign language: English, Italian
    Reynaldo P...
  • Enmanuel Emilio Rodriguez, 24
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: English, Italian
    Enmanuel E...