Bouchard had an account with a stock brokerage firm worried


Question: Bouchard had an account with a stock brokerage firm. Worried about his health, he set up a joint account with his wife, with the survivor to own the account upon the death of either of them. He gave his wife the power to deal on his behalf as if she were the sole owner. When Bouchard died, she did not include the value of the account in his estate for estate tax purposes, claiming that he had made a gift of the account to her during his lifetime. Is she correct? (Bouchard v. Commissioner of Internal Revenue, 34 T.C. 646)

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Management Theories: Bouchard had an account with a stock brokerage firm worried
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