In re Myles

The son and daughter of an aged incompetent petition this court for permission to make equal gifts to themselves of the sum of $500,000 from the incompetent’s estate, the sum being about one half of the incompetent’s estate. The basis for the requested order is to cut down on the burden of excessive taxes against the estate and to permit the enjoyment of property of the incompetent by her family during her lifetime. A special guardian appointed for the incompetent, in his report, joins in the application and recommends approval of the petition.

The basic principle advanced on behalf of…