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donative intent on the part of Ms. Maggos in effectuating the
redemption, as well as the absence of an arm's-length transaction
with respect thereto. We defer our opinion on whether we will
draw these inferences until the conclusion of a trial, after we
have heard and viewed the persons connected with the redemption
as they testify to their understanding of the surrounding facts.
These witnesses, we are told, will include Ms. Maggos, whose
testimony has been preserved through a videotaped deposition. We
will deny petitioner's motion.
To reflect the foregoing,
An appropriate order
will be issued.
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Last modified: May 25, 2011