If I Was Given a Gift While the Decedent Was Still Alive, Is It Automatically Deducted From My Inheritance When He Dies?
20 September 2017
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A lifetime gift is not treated as an advancement unless proven by a writing, contemporaneous with the gift, signed by the donor evidencing his intention was that the gift be treated as an advancement or the person receiving the gift acknowledged that such was the intention. The mere fact of a lifetime gift or even oral statement that an advancement was intended will not automatically create an advancement.
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