Source: http://thinkandcode.info/Incomplete-Lifetime-Transfers-p7570/
Timestamp: 2019-04-22 16:43:31+00:00

Document:
Tax Management Portfolio No. 50-6th, Incomplete Lifetime Transfers: Retained Powers Under Sections 2036(a)(2) and 2038, is concerned with lifetime transfers with respect to which the transferor retains or possesses at death one or more rights or powers over possession or enjoyment.
Tax Management Portfolio No. 50-6th, Incomplete Lifetime Transfers: Retained Powers Under Sections 2036(a)(2) and 2038, is concerned with lifetime transfers with respect to which the transferor retains or possesses at death one or more rights or powers over possession or enjoyment. If such a right or power exists at the death of the transferor, one or both of §2036(a)(2) or §2038 may cause all or a portion of the transferred property to be included in the gross estate of the decedent.
The Portfolio first discusses §2036(a)(2), and relevant historical explanation is included in the analysis. The Portfolio identifies and discusses each of the requirements to invoke §2036(a)(2), and the exceptions also are discussed.
The Portfolio second discusses §2038, again including historical explanation as appropriate. The Portfolio identifies and discusses each of the requirements to invoke §2038, and the exceptions also are discussed.
The third major component of this Portfolio is contained in Section V, which is concerned with a variety of subjects that are common to §§2036, 2037, and 2038. Because §§2036, 2037, and 2038 are covered in part in this Portfolio and in part in the companion Portfolio, 52 T.M., Incomplete Lifetime Transfers: Retained Beneficial Interests Under Sections 2036(a)(1) and 2037, Section V is relevant to both this Portfolio and 52 T.M.
This Portfolio may be cited as Lischer, 50-6th T.M., Incomplete Lifetime Transfers: Retained Powers Under Sections 2036(a)(2) and 2038.
Henry J. Lischer, Jr., University of Iowa (B.B.A., 1967; J.D., 1970); New York University (LL.M. in Taxation, 1974); Judge Advocate, U.S. Marine Corps, 1970–73; Associate, Lillick, McHose & Charles, Los Angeles, California, 1974–75; Professor of Law, University of Alabama, 1975–78; Professor of Law, Southern Methodist University, 1978–present; Counsel, Malouf Lynch Jackson & Swinson, Dallas, Texas, 1982–84, 1985–present; Professor-in-Residence, Office of Chief Counsel, Internal Revenue Service, Washington, D.C., 1984–85; Fellow, American College of Tax Counsel; Academic Fellow, American College of Trust and Estate Counsel.
a. "In Whatever Capacity Exercisable"
b. Power Need Not Be "Retained"

References: §2036
 §2038
 §2036
 §2036
 §2038
 §2038