Word: bequeather
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Gifts & Inheritance. Under the House bill a rich man would do better to give his estate to his heirs before his death than to bequeath it to them afterwards. The gift tax climbs to 33½% on $10,000,000 or more. The estate tax runs up to 45% on the same amount. The parent who deeds his children $10,000,000 makes them pay the U. S. $2,312,125 as a gift tax, whereas the same man's heirs would have to pay an estate tax of $3,116,000. From these two tax increases...
...will reads "Having with good reason, ever since my first appearance in Literature a variety of kind feelings obligations and regards towards New England. I have now . . . decided to fulfill a fond notion that has been hovering in my mind these many years, and I do therefore hereby bequeath the books which I used in writing on Cromwell and Friedrich to the President and Fellows of Harvard College, City of Cambridge State of Massachusetts, as a poor testimonial of my respect for that alma mater of so many of my Trans-Atlantic friends and as a token of the feelings...
...never been married, and never have been a parent of a child in or out of matrimony, but in case anyone claiming or pretending to be my wife or child or grandchild should establish such claims in any court of competent jurisdiction, to each such person I give and bequeath...
...made public. Said the will: "Believing that the modern feminist movement tends to take woman out of the home and put her in politics, government or business, and that this has already begun to impair the family as a basis of civilization and its advance, I bequeath to Harvard. Yale, Princeton and Columbia colleges $25,000 each . . . [to be used] toward creating or developing sound public opinion and action on this subject...
...never been married, and never have been a parent of a child in or out of matrimony, but in case anyone claiming or pretending to be my wife or child or grandchild should establish such claims in any court of competent jurisdiction, to each such person I give and bequeath...