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LSDefine

Simple English definitions for legal terms

completed gift

Read a random definition: asylee

A quick definition of completed gift:

A completed gift is when someone gives something to another person without expecting anything in return. It's like giving a present to a friend just because you want to make them happy. Once the gift is given, the giver no longer has control over it. This type of gift can be taxed, but only if it's worth a lot of money.

A more thorough explanation:

A completed gift is a voluntary transfer of property from one person to another without compensation, where the gift is no longer in the donor's possession and control. This type of gift is taxable under the gift tax.

For example, if a father gives his son a car as a gift and the son takes possession of the car, it is considered a completed gift. The father no longer has control over the car and it is now the son's property.

Another example of a completed gift is when a person donates their organs for transplant or medical research after their death. This is known as an anatomical gift and is governed by the Uniform Anatomical Gift Act.

It is important to note that a completed gift is different from a gift causa mortis, which is a gift made in contemplation of the donor's imminent death.

completed-contract accounting method | complete diversity

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18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
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