[WSBAPT] FW: Gift Tax on assignment of interest in estate

[Eden Rubenstein Toner]

Colleagues,

Decedent died without a valid will, but left a note indicating one relative
to inherit the estate.  Other intestate heirs may want to honor decedent's
intent and assign their interest to this relative.  I think they would be
making a gift for which a 709 is required, right?  Would someone be able to
point me to the Code or Regs that address this?  And do you know if it would
NOT be a gift if it was considered in settlement of an estate dispute?  Many
thanks,

Eden

 

Eden Rubenstein Toner

Attorney at Law

1600-B SW Dash Point Road, #163

Federal Way, WA 98023

phone 206-953-4485

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