Post Mortem Use of Wealth Including a Consideration of Ante Mortem Gifts

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Post Mortem Use of Wealth Including a Consideration of Ante Mortem Gifts
Daniel S Daniel Smith Remsen
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With all these possibilities and many others open to a person disposing of property he has an almost un- limited range within which to plan for the benefit of family and friends and he may incidentally retain a most important influence over his gifts. If possessed of ample means he can give effect to any legal and practicable purpose affecting those most near and dear to him. Among recent wills of wealthy men the Plans for Family 27 plan of the will of the late Charles L. Tiffany is fairly typi...cal so far as it provides for his family. To his wife he gives his residence, its furnishings, his horses, carriages, a substantial sum of money, and certain shares in Tiffany & Co. He also gives her the use of his country home and establishes a trust from which she is to receive the income during life and on her death he gives the capital to certain children. To each grandchild he gives a pecuniary legacy, the one bearing his name taking a double portion. To certain persons he forgives their indebtedness.

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