donee


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donee

(dō-nē′) [L. donare, to give]
One who receives something, such as a blood transfusion, from a donor.
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Payments made directly for medical or educational bills are not considered gifts for gift tax purposes, and therefore are not subject to gift taxes (the funds should be paid to the provider of medical services or the educational institution, not to the donee).
If the donor gives similar items of property (such as books, stamps, paintings, etc.) to the same donee during the taxable year, only one appraisal and summary is required.
However, gift of future usufructs to an unborn person is valid provided that the donee is in being when the interest opens out for heirs.
If major repairs are done to the vehicle by the donee without any additional funding from the donor, the gross proceeds limitation may not apply whereby the taxpayer may use the fair market value of the donated vehicle.
In many cases (particularly when the personal representative is the surviving spouse), the personal representative desires that the decedent's charitable pledge be honored by the estate as a result of 1) the personal representative's own relationship with the donee; (25) 2) the personal representative's certainty that the decedent would have wanted the estate to honor the pledge to the donee based on the decedent's affinity for and support of the donee during the decedent's life; 3) the personal representative's concern that the decedent's legacy would be tarnished by welching on a promise to a charity; or 4) a combination thereof.
In such cases, delivery will be inferred by the conduct of the donor and the donee. Constructive delivery was proved in the New York case Mirvish v.
subordinates its rights to the rights of the donee, the easement should
What is the gift tax value of an annuity contract or of a donee's interest in a joint and survivor annuity?
The donor can avoid this harsh penalty by requesting a specific written certification from the donee organization, under penalties of perjury, certifying either that the donee's use of the artwork was substantial and related to its exempt purpose or, if it was not substantial, its intended use has become infeasible or impossible to implement (Sec.
These stated that making a gift to a body other than a qualified donee is grounds for a charity losing its status.
Parol evidence of one's status as donee beneficiary is the subject of this essay.
Unlike the resolution of the synallagmatic contracts, for which their revocation is based exclusively on the guilt of the other parties, in the case of the donations, their revocation is based both on the guilt of the done and/or his successors in the fulfillment of the legal or contractual obligations and on the donor's will (in the last case when the donor is the spouse of the donee).