Inclusion of gifts: gifts may be included in estate value and debt abatement invoked simultaneously when conditions are met. Sections 9 and 10 include gifts made by the deceased during his lifetime in the estate's principal value, while Section 46 permits proportional abatement of debts where consideration comprised property derived from the deceased or was provided by a person whose resources included such property; inclusion under Sections 9/10 and abatement under Section 46 may be invoked simultaneously if the conditions of those sections are met.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inclusion of gifts: gifts may be included in estate value and debt abatement invoked simultaneously when conditions are met.
Sections 9 and 10 include gifts made by the deceased during his lifetime in the estate's principal value, while Section 46 permits proportional abatement of debts where consideration comprised property derived from the deceased or was provided by a person whose resources included such property; inclusion under Sections 9/10 and abatement under Section 46 may be invoked simultaneously if the conditions of those sections are met.
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