20:59
ALSO CONGRATS!
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
donatio inter vivos
Read a random definition: Temporary Protected Status (TPS)
A quick definition of donatio inter vivos:
Donatio inter vivos is a type of gift where someone gives property to another person without expecting anything in return. It can be given during the giver's lifetime and is meant to be a permanent transfer of ownership. This type of gift is different from a gift made in contemplation of death, which is given when the giver is near death and is conditional on their death. Donatio inter vivos can also refer to an inter vivos gift, which is a gift of personal property made during the giver's lifetime and delivered to the recipient with the intention of irrevocably surrendering control over the property.
A more thorough explanation:
Definition: Donatio inter vivos refers to a voluntary transfer of property from one person to another without any compensation. It is a type of inter vivos gift, which is a gift of personal property made during the donor's lifetime and delivered to the donee with the intention of irrevocably surrendering control over the property.
Examples: An example of donatio inter vivos could be a parent gifting their child a car or a piece of property. Another example could be a friend gifting a valuable piece of jewelry to another friend.
Explanation: In both examples, the transfer of property is made voluntarily without any compensation. The donor intends to surrender control over the property to the donee, making it an inter vivos gift. Donatio inter vivos is a legal term used to describe this type of gift.