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rhodion
Level 2

WA Estate Tax

Is there a rule about making a gift in advance of death? For example, suppose my doctor tells me I have 24 hours to live, can I write a check that day and thus avoid estate tax?

1 Best answer

Accepted Solutions
tagteam
Level 15

WA Estate Tax


@rhodion wrote:

....suppose my doctor tells me I have 24 hours to live, can I write a check that day and thus avoid estate tax?


No, you cannot.

 

Gifts fall into two basic categories; inter vivos and causa mortis (in contemplation of death). Your gift would fall into the latter (causa mortis) and, therefore, would be added back to the estate.

View solution in original post

1 Reply
tagteam
Level 15

WA Estate Tax


@rhodion wrote:

....suppose my doctor tells me I have 24 hours to live, can I write a check that day and thus avoid estate tax?


No, you cannot.

 

Gifts fall into two basic categories; inter vivos and causa mortis (in contemplation of death). Your gift would fall into the latter (causa mortis) and, therefore, would be added back to the estate.

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