" /> Incidents of Ownership - Harborside Partners Inc

Incidents of Ownership

Any control over property. If you give away property but keep an incident of ownership. For example, you give away an apartment building but retain the right to receive rent; then legally, no gift has been made. This distinction can be important if you’re making large gifts to reduce your eventual estate tax.

« Back to Glossary Index
Scroll to top
error: Content is protected !!