...Estate and Gift Tax Outline Repetti Fall 2013 Boston College Law School Casebook: Federal Wealth Transfer Taxation, 6th Edition Table of Contents Filing Returns 3 Gift Tax: 3 Estate Tax: 3 Generation-Skipping Tax: 3 Statutes of Limitations, Interest, Penalties: 3 Computation of the Estate and Gift Tax 3 General Description of Gift Tax: 4 General Description of the Estate Tax: 4 Role of State Law 4 Scope of the Estate Tax 5 Beneficial Ownership and § 2033: 5 Interests Arising at Death 5 “Property” versus “Expectancy” 6 Bank Deposits, Checks, and Notes 6 Right to Accrued Payments 7 The Scope of the Gift Tax: §§ 2501 and 2511 7 Is There a “Transfer” of “Property?” 7 Interest-Free Loans and Rent-Free Use of Other Assets 8 When is the Transfer “Completed?” 8 Transferred Interest Incapable of Valuation 9 Indirect Transfers 10 What is a “Gift”? 10 Donative Intent and “Adequate and Full Consideration” 10 Transfers of Property in Satisfaction of Marital Rights 11 Dower and Curtesy Interests in the Gross Estate 11 Marital Rights as Consideration 11 Transfers Incident to Separation and Divorce 12 Transfers with Retained Powers and Rights 13 Transfers with Retained Life Estates: § 2036 13 Reciprocal Trusts 14 Retention of Right to Income from Property: § 2036(a)(1) 14 Retention of Possession or Enjoyment of the Property: §§ 2036(a)(1) and 2036(b) 14 Retention of Power to Designate Who Shall Possess or Enjoy the Property:...
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...up the counselor might have had a similar situation that causes a reaction. It is important for the counselor to understand that these emotions might come up and the appropriate way to address them. Seeking assistance in this profession is an important especially if they plan on continue counselor with the set clients. Often times even a therapist attends a counseling just to help sort out some emotions that might arise. 3.10 Gifts: This ethical code has to do with a therapist receive or giving gifts of substantial value, or a gift that might impair the integrity or efficacy of the therapeutic relationship (AAMFT). Often time’s clients want to show appreciation for the healings that they have experienced. Some of the time a simple thank you is not enough, in some cultures it is custom to give a gift. One suggestion that a therapist might try is to place the “no gift giving” in the informed consent. This way the client will have a hard copy of the understandings. Another options is to send out a kindly reminder during the holidays that gift are not needed, all though this practice might be presumptuous. 6.6 Pro Bono: Therapist participate in activities that contribute to society and the community, this might devote a portion of their professional activity to services for little or no financial return (AAMFT). The dilemma with this is determining which client might need a sliding scale. One way is to provide a screening process that...
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...A gift registry site where people who have a special day or needs can make up a list of product that they would like to receive as gifts or open a cash fund to collect money to buy a product. There are some options for user in order to have a product by using our web site: 1) User can make up a gift list for a special situation. These situations such as birthday gifts, new home gifts, new child gifts, wedding gifts etc. will be varied under a title. User will add these gifts from shopping web sites like Amazon.com. Friends of user can reach to the list and purchase one of the gifts by letting the user know or not as a surprise. Gift will be sent to the shipping address of user. 2) User can open a cash gift fund that includes information about gift with his Paypal account. Fund will be limited by an amount. Moreover, most active gift requests, lists and cash gift funds will be shared on main page, thus interactivity between users and some mainstream situations will leverage the reputation of web site such as getting together of people to collect money for a guy that needs money to marry with his childhood love etc. on social media as well. Gift requests may be shared on social media pages and other personal pages that buyers can reach to lists. Web site will have a sorting speciality of gifts according to prices and importance level that user decide...
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...there with some of the kids is like celebrating Christmas emphasizing the joy of loving and giving. The Christmas is in my heart; the nursing of those little kids, the playing with them, and the giving of gifts to them are just some of the affirmation of the true spirit of Christmas I felt while doing the service. Second, all that we have is indeed a great gift from our Loving Father. Through this activity, I’ve come to realized how lucky we are to have our loving parents with us in our lives. The kids made me more love my parents and appreciate every single thing they’re doing for us, their children. Third, these kids are not sinister instead they are so lucky. They are lucky for they have been saved from experiencing a more hurtful one and are now being taken cared of those people who are all so warm and caring. They are lucky for they have bunch of sisters and brothers who will heed them every time they needed them the most and unlike their parents, will never leave their side. Fourth, the true essence of love. Even if we just had a short time bonding with them, I had learned the true essence of love. That you can give your love even to those who you just met and make friends with. And that love is the best thing you can give to someone unconditionally. It is the greatest gift you can share with especially to those who is in need of it. Lastly, I’ve learned how intelligent...
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...Tessa Moody Per.1 sociology 5/23/13 Volunteer reflection vol·un·teer [vol-uhn-teer] noun 1. A person who voluntarily offers himself or herself for a service or undertaking. 2. A person who performs a service willingly and without pay. Volunteering is that act of commencement free services that one does in order to help an organization or simply an average person. Volunteer work is described in the simplest of words as, “kind”. Many people do volunteer work for many different reasons. People can also volunteer in a number of different places and ways. South Africa, Tanzia, Liberia, Uganda, Haiti and the United States are just a few of common countries that are frequently holding volunteer projects. The tasks volunteers could partake in are countless, but a couple would be education children and adults, preparing meals and ensuring food security, making sure the sick is aided to and taken care of, and help provide shelter to those in need. The common qualities that volunteers usually portray would be a recent college graduate, a student who needs to do field work in order to gain credits to graduate or someone who is looking to change fields in their career. Older middle aged people also may volunteer of course, their reasoning might be that they are retired and are looking for something to do while they are still “young”. Choosing the right place is not very hard; all you need to do is choose a place based on your interests, skills, and background. The place you choose...
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...Allan Ritch CHMN 201-D01 LUO March 31, 2014 Spiritual Gifts Paper PART ONE: What are your top two spiritual gifts? Do you agree with the results? Why or why not? My two dominate spiritual gifts as determined by taking the “Spiritual Gifts Analysis” on www.churchgrowth.org are (1) Administration and (2) Exhortation. I completely agree with this assessment. Having been in the administration field most of my adult life, in one capacity or another, I see that this gift has had an influence upon me. I am definitely a take-charge type of person when it comes to something that I am enthusiastic and passionate. The analyses pointed out that people with this gift tend to count on others to take care of the small details and are gifted delegator. I am definitely that type of person in most situations. I do not like to micro-manage others or be micro-managed. I tend to take on many tasks myself just so I can control the outcome and results. I tend to lack patience at times when a detailed explanation is required and expect that others already know how and what the goals are. The gift exhortation is a direct complement to administration. While administration directs and organizes, exhortation teaches, counsels, and encourages. I have not always seen this gift within my character, although as I look back I can see that this gift has been in the development stage for quite some time. The analysis advises against interrupting people and allowing pride to be the primary motivator...
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...a man, she should extend her hand first. Women friends greet with a kiss on each cheek, starting with the left and alternating cheeks. Married women kiss twice, while a single woman receives a third kiss. 1 INTERNATIONAL BUSINESS MANAGEMENT First names should normally be used, but titles are important. In business, men are addressed as "senhor" plus their surname, while women as "senhora" plus the surname. Business cards (either in your language or Portuguese) are a necessity when greeting in business meeting. But Brazilians need to know who they are doing business with before they can work effectively. Gift giving Giving a gift is not necessary during a first meeting. A relaxed social situation is the best time to present a gift. If invited to a Brazilian's house, bring the hostess flowers or a small gift. If you did not...
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...My Spiritual Gifts Part 1 [pic] Eunice T. Payne June 5, 2014 Revised August 13, 2014 INTRODUCTION When I was asked to go online and take a spiritual gift test my first thought was, (“Lord what the world is coming to”?) We really have to rely on the internet for everything these days?” Then I thought hey why not take it what can it hurt, I’ll go on and humor them. As I started to read the questions I felt like the questions needed more substance or needed to be worded differently; not realizing the devil was trying to discourage me from reading what I was about to find out. \ By the time I finished the test it read PASTOR, FAITH, GIVING. Each word had a meaning or explanation for each one. I looked real hard at “Pastor” and laugh then I called my son who is a minister and yes he’s from the old school like his momma. I said son I just took this test and explained to him what is was for. Of course he had the same reaction as I did when I was told about the site. He laughed. Well as we went on in conversation I gave him the end results and said now what I look like being a Pastor. I mean I have been around a lot of spiritual gifted people for most of my life and have been told by several that there’s an anointing on my life or that my light shines bright and have a spirit of victory, but never did I hear anyone say I would be a pastor or fit those shoes. Then a voice said you have been ministering to people young and old for over 20 years and you don’t...
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...Gift Giving The human service field is a field of helping. When people are helping people, it is natural and in some cultural cases, required to offer gifts of appreciation. There are many fine lines that divide the boundaries of gift giving within the helping industry. The value of the gift must be considered, the policies of the agency that a helper is employed by as well as the expectations that could potentially be attached to that gift. Some agencies have policies that avoid this dilemma all together and state absolutely no gifts will be given or received from clients. Other agencies will state that in order to avoid any insults or culture disrespect, a helper is allowed to receive a gift and ensure the client that the agency thanks them and the gift will be shared with the staff. Gifts from clients can have many or no strings attached. Some gifts come genuinely from the heart and are simply a cultural way of thanking someone for their help. Other clients however could have an ulterior motive behind the gift and consider the acceptance of the gift from the helper an indication that their relationship just took a step in a different direction. Whether or not a helper has permission to accept a gift, they must have the knowledge and capability to identify the boundaries of each client and the gift. In the revised version of the American Counseling Association Code of Ethics, it states in section A.10.f. “Counselors understand the challenges of accepting gifts from clients...
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...them; and they have the power to do this if the law, or rather the obligation, about making a return gift is not observed. * Colenso: ‘they had a kind of system of exchange, or rather of giving presents which had later to be exchanged or repaid. * ‘I shall tell you about the hau. Hau is not the wind. Not at all. Suppose that you possess a particular object, taonga, and you give it to me; you give it to me without a price. We do not bargain over it. Now I give this thing to a third person who after a time decides to give me something in repayment for it, and he makes me a present of something (taonga). Now this taonga I received from him is the spirit (hau) of the taonga received from you and which I passed on to him. The taonga which I receive on account of the taonga that came from you, I must return to you. It would not be right on my part to keep these taonga whether they were desirable or not. I must give them to you since they are the hau of the taonga which you gave me. If I were to keep this second taonga for myself I might become ill or even die. Such is hau, the hau of personal property, the hau of the taonga, the hau of the forest. Enough on that subject’ * The taonga and all strictly personal possessions have a hau, a spiritual power. You give me taonga, I give it to another, the latter gives me taonga back, since he is forced to do so by the hau of my gift; and I am obliged to give this one to you since I must return to you what is in fact the product of...
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...5/12/2014 Predetermined Christmas Consistently at Christmas time a great many individuals jam the shopping centers in inquiry Christmas endowments. A large number of these endowments are brought home, wrapped, and left under a tree until Christmas morning. Anybody of these blessings can be set into one of five classifications. On Christmas morning, the first blessing you snatch is a customary box molded blessing wrapped in modest wrapping paper. The mark says that its from your cousin; nonetheless, its unmistakably evident that your two year old cousin did not compose his name in immaculate cursive substantially less select the blessing. You open your Aunt's blessing and discover a XXXL T-shirt, which she clearly acquired from the deal receptacle for $1.50. "Uh...thanks," you mumble as you look at your 220 pound outline. What a pointless blessing! Then again, your Uncle is certain to get you a cool and special blessing. There is one and only issue. Your mother never supports of the combat knife, Super Nintendo, or 50 cent show tickets. Goodness go ahead mother! In the event that your sibling even considers you amid the occasions, you ought to think about that as a blessing in itself. In any case, if your sibling happens to have some extra money and choose to use it on you, it appears that the blessing he picks is more to his preferring than yours. Your sibling may get you that feature amusement that he's been peering toward, however that you never truly tended to. Goodness...
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...Sayler Sociology 101006 Professor Megan Cortez 7 March 2016 Weirding the Normal: A Colorado State- Pueblo Football Game The Caplow article is about Rule Enforcement without Visible Means: Christmas Gift Giving in Middletown. This article talks about how people in the town of Middletown would give gifts. The town had gift giving for Christmas set up in many different ways. Some ways the town would do it were “Participants in this gift system should give (individually or jointly) at least one Christmas gift every year to their mothers, fathers, sons, daughters; to the current spouses of these persons; and to their own spouses” (Caplow 1315). The article also talks about Christmas lights, decorations, the tree rule, the wrapping rule, the gathering rule, the dinner rule, the gift selection rule, and the scaling rule. Caplows article goes more in-depth about how each family is supposed to honor Christmas. The tree rule, for example, says “of the forty-five married respondents with children under eighteen only two of families did not have trees” (Caplow 1308).The wrapping rule says that “a subsidiary rule requires that the wrapping be appropriate, that is, emblematic and another subsidiary rule says that wrapped gifts are appropriately displayed as a set but that unwrapped gifts should not be so displayed” (Caplow 1310). There were many different rules for many situations. For this paper I decided to write about my experience at a college football game. This game was located at...
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...With the holidays approaching so quickly, I decided to look at an article that relates to the holiday season and it is a big question for many families with young children on whether or not should parents lie to their kids about Santa”? Most of us as children can remember from a young age believing in Santa and would wake up on Christmas day just so grateful for all the gifts that Santa brought. According to psychologist Christopher Boyle and mental health researcher Kathy McKay, the lie of Santa existence is damaging a child because children trust the opinion of their parents and by parenting lying to them it makes children eventually undermined anything their parents say to them. Even though many parents want to give their children and joyful...
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...Week 5 Assignment 3.2: Persuasive Message - Revised English 315 Professor LaRuth Ensley Marcia Dickens November 11, 2012 November 4, 2012 Dear Valued Customer of C&M Flooring, We are writing you this letter to inform you of the different products and services that our business has to offer. We offer a full range of services to make your experience more complete. Our HOME DELIVERY service allows you to order everything you would like. We charge the same delivery fee regardless of the weight or size of the order! Same day, next day or same week deliveries are available in almost all store locations. We can of course deliver at a later date if you would like. We deliver your new products directly to the room of your choice. Installation services with C&M floorings were designed to be installed by you, but we know sometimes a little help makes the process go more smoothly. Our new...
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...English 1102 “The Gift of the Magi” “The Gift of the Magi” is a very touching story written by O’Henry. This story is often told during the Christmas season and teaches the true meaning of gift giving. The main characters in the story are Jim and Della. They are a very poor married couple that lives in a ragged flat with only two prized possessions. Della's beautiful, brown, knee-length hair is one of the two great prized possessions of the poor couple. Her hair was gorgeous and she loved it. The other is Jim's gold watch that was passed down from his grandfather and father. Jim also loved his watch. The story opens with Della counting one dollar and eighty seven cents. It is one day before Christmas and she wants to buy her husband Jim a gift. She cries hysterically because there was not enough money to buy a gift. The story continues as Della walks to the mirror and gains her composure. She looks at her hair, pulls it back, and walks out of the door. Della walks to Madame Sofronie's hair goods shop, and she sells her hair for twenty dollars. She now has twenty-one dollars and eighty seven cents. After Della sells her hair, she goes to several different stores looking for Jim’s gift. She looks for several hours until she finds the perfect gift. The gift she finds seems to be made perfectly for Jim’s watch. Della finds a platinum fob chain. As soon as she saw the chain she knew it was perfect. The chain seemed to be like Jim with its quietness and value. The new chain...
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