The law of gifts was set forth in the classic case of Gruen
v. Gruen, 68 N.Y.2d 48, 505 N.Y.S.2d 849, 496
N.E.2d 869 (1986) , a case concerning the gifting of a
painting by Gustav Klimt, the Austrian modernist.
reiterated in Gruen that the elements
of a valid inter vivos gift are intent...
By Joy S. MacIntyre , Morrison & Foerster LLP
In an earlier post we described
some of the tax benefits - and challenges - associated with donating corporate
securities to a family foundation or other private foundation. On the right facts, the donor in such a case
can claim a deduction equal to...