> This opens up something of a loophole where family can purchase items of a sentimental nature which are not actually worth much on the open market. That seem

> This opens up something of a loophole where family can purchase items of a sentimental nature which are not actually worth much on the open market. That seems like not much of a loophole, are you saying for tax purposes? Since the assessed value of a gift might be much higher than the actual purchase price at auction...? The loophole seems to be that they can give the gift when their estate is insolvent, if any loophole exists. (Not saying you're wrong, or that this loophole is wrong.) Or are you saying, it's a loophole because they couldn't normally get those precious things from the estate if it was insolvent, except that their value is mostly sentimental, so they can actually be purchased for a pittance at the inevitable estate auction?