- 3 - Walker). Ms. Thompson attended one or two of the meetings at which the discussions took place. Mr. Walker discussed ways to reduce Mr. and Mrs. Pruitt’s projected estate tax liability and advised them on the effect of the Federal gift tax, gifting schedules, and charitable donations. Mr. and Mrs. Pruitt were concerned about the considerable size of their estate and potential estate tax problems. Mr. and Mrs. Pruitt wanted their children to inherit as much of their estate as possible. From 1980 through 1992, in accordance with Mr. Walker’s advice, decedent engaged in a pattern of making gifts to her daughters, their husbands, and her grandchildren in an attempt to reduce the size of her estate. Decedent personally made all the gifts during this period. The gifts made by decedent from 1980 through 1992 were as follows: Donee1 Date of Gift Amount Robyn Muckerheide 1980 $1,000 Sharon K. Phillips 1,000 Sandra S. Thompson 1,000 Robyn Muckerheide 1981 1,000 Sharon K. Phillips 1,000 Sandra S. Thompson 1,000 Robyn Muckerheide 1982 1,000 Sharon K. Phillips 1,000 Sandra S. Thompson 1,000 Robyn Muckerheide 1983 2,000 Sharon K. Phillips 2,000 Sandra S. Thompson 2,000 Robyn Muckerheide 1984 3,000 Sharon K. Phillips 3,000 Sandra S. Thompson 3,000 Robyn Muckerheide 1985 3,000 Sharon K. Phillips 3,000 Sandra S. Thompson 3,000Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011