Estate of Shoemaker v. Commissioner

1984 T.C. Memo. 174, 47 T.C.M. 1462, 1984 Tax Ct. Memo LEXIS 497
CourtUnited States Tax Court
DecidedApril 5, 1984
DocketDocket No. 10364-82.
StatusUnpublished

This text of 1984 T.C. Memo. 174 (Estate of Shoemaker v. Commissioner) is published on Counsel Stack Legal Research, covering United States Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Estate of Shoemaker v. Commissioner, 1984 T.C. Memo. 174, 47 T.C.M. 1462, 1984 Tax Ct. Memo LEXIS 497 (tax 1984).

Opinion

ESTATE OF GUY S. SHOEMAKER, DECEASED, ARTHUR F. SHOEMAKER AND JOAN S. WILDER, EXECUTORS v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Shoemaker v. Commissioner
Docket No. 10364-82.
United States Tax Court
T.C. Memo 1984-174; 1984 Tax Ct. Memo LEXIS 497; 47 T.C.M. (CCH) 1462; T.C.M. (RIA) 84174;
April 5, 1984.

*497 Held: Transfer was made in contemplation of death under sec. 2035, I.R.C. 1954, as in effect for pre-1977 transfers.

Alan Parsons and James Young (specially recognized), for the petitioners.
Barry Finkelstein, for the respondent.

WHITAKER

MEMORANDUM FINDINGS OF FACT AND OPINION

WHITAKER, Judge: The Commissioner determined a deficiency in estate tax in the amount of $10,644.58. Due to concessions by both parties, the sole issue is whether or not the value of approximately 94 acres of real property (the Gift Property) conveyed by the decedent, Guy S. Shoemaker, to his three children, Arthur F. Shoemaker, Joan S. Wilder and Patricia S. Story, in December 1976 was a gift in contemplation of death*498 and therefore includable as part of the gross estate. The value of the Gift Property, if included in the gross estate, is not in dispute. For convenience, our Findings of Fact and Opinion are combined.

Some of the facts have been stipulated and they are so found. Decedent was born in December 1898 and died testate on July 10, 1978. At that time he was a resident of the State of New York. Two of his children, Mr. Shoemaker and Mrs. Wilder, qualified as executors of his estate. The two co-executors also reside in the State of New York.

Decedent's residence at the time of his death was located on the east shore of Keuka Lake. Decedent's grandfather had purchased lake frontage and had constructed a home there many years earlier. That home was inherited by decedent's mother on the death of his grandparents and ultimately by decedent and his brothers and sister. It was sold in 1960. In 1925, decedent's parents purchased some additional property, including lake frontage adjoining their property (the decedent's grandparents' home). Approximately 10 acres of this newly acquired property was deeded to decedent and his wife as a gift in 1926. Decedent and his wife constructed*499 a summer residence which came to be known as Graystones. In 1941 decedent and his wife became year-round residents at Graystones, continuing to reside there until their deaths. 1 Five years later, decedent's parents conveyed additional acreage which adjoined the Graystones property on the easterly side, a portion lying east of State Highway 54. Finally, in 1951 decedent and his wife purchased approximately 90 acres, lying east of Highway 54, adjoining decedent's property. The Gift Property was composed in part of land acquired in 1946 and in part of land acquired in 1951. A portion of the Gift Property was used prior to 1960 by decedent for raising and selling turkeys. Thereafter, some income was generated by leasing space in barns for boat storage and by selling hay from the fields and leasing pastures. From about 1960 until several years prior to decedent's death, he was employed as an assessor for the town of Wayne.

Decedent personally did much of the work involved in keeping of the grounds around and beach in front of Graystones, including the cutting of grass. He also cut the*500 grass, as necessary, around the buildings on the Gift Property. Decedent and his wife continued the family tradition of using their residence as a gathering place for family members, including especially a Fourth of July gathering. Following the death of decedent's wife, decedent's children undertook to continue the family gatherings, using Graystones. Although decedent's health apparently remained good until the year 1976, he was beginning to find the tasks to be a burden, especially following his wife's death. The chores also kept him physically away from his residence and from the telephone for periods of time, which he disliked.

In early 1976, decedent slipped and incurred a hairline fracture in one hip which required brief hospitalization. Thereafter, he was briefly hospitalized for acute diverticulitis and for a urethral stone and an enlarged prostate, which ultimately led to surgery on account of cancer of the prostate. The surgery was followed by radiation therapy in the latter part of 1976, with recovery from the radiation therapy continuing into 1977. While petitioner was diagnosed as having made a complete recovery from cancer, he continued to be concerned about*501 the possibility of a recurrence. However, he continued to be active physically during 1976 and in 1977.

In June of 1976, decedent executed a new will pursuant to which the Gift Property would have passed as part of the residuary estate equally to such of decedent's three children as survived him. All three were living and in apparent good health at that time, and all three did in fact survive him. In the fall of 1976, decedent changed attorneys and on December 14, 1976, another new will was executed which in general continued the dispositive pattern of the earlier 1976 will. Also, in June 1976 decedent employed a surveyor to prepare a boundary survey and map of the land acquired in 1951. In August 1976, this parcel of land was listed with a real estate agency for sale, but decedent's asking price was known to be greatly in excess of the fair market value of the property. The listing for sale did not represent a realistic effort on decedent's part to sell the property. Decedent's intent in causing the survey to be made and the property to be listed for sale is not explained in this record. 2

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Related

United States v. Wells
283 U.S. 102 (Supreme Court, 1931)
Estate of Gerard v. Commissioners
57 T.C. 749 (U.S. Tax Court, 1972)
Estate of Honickman v. Commissioner
58 T.C. 132 (U.S. Tax Court, 1972)
Estate of Johnson v. Commissioner
10 T.C. 680 (U.S. Tax Court, 1948)

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Bluebook (online)
1984 T.C. Memo. 174, 47 T.C.M. 1462, 1984 Tax Ct. Memo LEXIS 497, Counsel Stack Legal Research, https://law.counselstack.com/opinion/estate-of-shoemaker-v-commissioner-tax-1984.