CARTER v. DAVENPORT

70705.

175 Ga. App. 830 (1985)

334 S.E.2d 876

CARTER et al. v. DAVENPORT et al.

Court of Appeals of Georgia.

Decided September 5, 1985.


Attorney(s) appearing for the Case

Dana L. Jackel, for appellants.

Martin D. Chitwood, E. Lewis Hansen, for appellees.


DEEN, Presiding Judge.

In 1972, Norman G. Davenport sold a piece of real estate for which he received a promissory note in the amount of $273,954.27. Davenport's interest in the note was transferred through his estate in 1978 to his sister Ada Davenport. A short time later, Ada Davenport met with an attorney to plan the estate and gift tax consequences of a transfer of a portion of her interest in the note to her brother, Verlie Davenport, and her nephew, Calvin Coolidge...

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