Three-Year Rule

Three-Year Rule

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Three-Year Rule

Three-Year Rule definition:  See IRS tax code section 2035. Gifts or transfers of ownership that occur within three years of the grantor’s death may be included in the estate total value and subject to estate taxes. This rule exists to discourage individuals from distributing their assets when death appears imminent to avoid estate taxes.

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