Chicago General Practice Lawyer, Illinois
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Dean Caras320 W Illinois St Apt 2216
Chicago, IL 60654
Scott Yu70 W Madison St Ste 3700
Chicago, IL 60602
Checksee8053 S Stewart Ave
Chicago, IL 60620
Spherion11 S La Salle St Ste 1150
Chicago, IL 60603
Legal Term Highlighted
incidents of ownership: Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to receive rent--then legally, no gift has been made. This distinction can be important if you're making large gifts to reduce your eventual estate tax.