testamentary in character
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 296 U.S. 85 - Helvering v. City Bank Farmers Trust Co. · 1935Most cited · 431 citing opinions
the transaction should be deemed to be testamentary in character, that is, treated for the purposes of the law as intended to take effect in possession or enjoyment at the death of the settlor