Coleman v. Greer

CULLEN, Commissioner.

On July 13, 1957, John Coleman, a childless widower 84 years of age, executed a deed conveying to James Greer a tract of land on which there was an eight-unit tourist camp or motel. The deed was without monetary consideration. However, at the same time the deed was executed Coleman also gave Greer a power of attorney, and according to Greer the agreement was that he was to handle Coleman’s business affairs and that the rents from the motel property were to be devoted to the old man’s needs during the remainder of his life. Greer had been raised in the Coleman home as a…