January 22, 2014
- 220 Internal Revenue
- 220VII Estate Taxes
- 220VII(B) Estates of Citizens or Residents
- 220k4149 Gross Estate, Inclusions and Exclusions
- 220k4159 Property Transferred During Decedent’s Lifetime
- 220k4159(2) k. Gifts in Contemplation of or Within Three Years of Death.
Gifts of stock and cash to grandchildren were not made in contemplation of death and were not subject to federal estate taxes, notwithstanding that donor was 99 years old, where gifts were made with motives associated with life and not with death.
Kniskern v. United States, 232 F. Supp. 7 (S.D. Fla. 1964)