John Michael Wheeler, Independent of the Estate of Elmore K. Melton, Jr. v. United States

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• \adequate and full consideration under the exception to section 2036(a) requires only that the sale not deplete the gross estate\
• “unless a transfer that depletes the transferor’s estate is joined with a transfer that augments the estate by a commensurate (monetary) amount, there is no ‘adequate and full consideration’ for the purposes of either the estate or gift tax”

Source: CourtListener parenthetical corpus (CC0).