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    Created by Michael Wessels
    1. U.S. Code
    2. Title 26
    3. Subtitle B
    4. CHAPTER 11
    5. Subchapter A
    6. PART III

    § 2037 Transfers taking effect at death

    (a) General rule

    The value of the gross estate shall include the value of all property to the extent of any interest therein of which the decedent has at any time after

    (1) possession or enjoyment of the property can, through ownership of such interest, be obtained only by surviving the decedent, and

    (2) the decedent has retained a reversionary interest in the property (but in the case of a transfer made before

    (b) Special rules

    For purposes of this section, the term “reversionary interest” includes a possibility that property transferred by the decedent—

    (1) may return to him or his estate, or

    (2) may be subject to a power of disposition by him,