74.A lifetime transfer that issupported by full andadequate consideration isnot a gift.
75.Lila is the owner andbeneficiary of a policy onthe life of her husband,Austin. Upon Austin'sdeath, the insuranceproceeds paid to Lila donot qualify for the martialdeduction.76.Ling and Jiang areunrelated and equal jointtenants in a plot of land.Ling died this year. Ling'sshare of the land goes to:Jiang, under communityproperty principles.
77.Lyle and Kelly are brotherand sister. Using his funds,Lyle purchases land,listing title as "Lyle andKelly, joint tenants withright of survivorship." IfKelly dies first, none ofthe land is included in hergross estate.
78.Manfredo makes adonation of $50,000 tothe church where he wasbaptized in Mexico City.The gift does not qualifyas a charitablecontribution for Federalincome tax purposes.
79.Manuel, a citizen andresident of Argentina,makes a gift to hischildren of a ranchlocated in Colorado.Manuel will be subject tothe USD gift tax.
80.Maritsol owns a building inan equal joint tenancywith Jada. While bothindividuals are living,Marisol can make a gift ofher half of the property toWillie. But if Marisol diesand Jada survives whathappens to Marisol'sinterest in the building?Marisol's one-half interest in thebuilfing passes to Jadaautomatically under state law,in the form of the survivorshipfeature of the joint tenancy. Atthat point, Marisol can nolonger pass her half of thebuilding to Willie, and a clausein Marisol's will that transfers ahald interest to Willie is invalid.81.