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Legal Definitions - donative
Definition of donative
The term donative describes something that is given as a gift, without any expectation of payment, exchange, or return benefit. It refers to actions, transfers, or intentions that are purely for the purpose of making a donation or bestowing a gift.
Here are some examples to illustrate the concept of "donative":
Example 1: Charitable Contribution
A philanthropist establishes a new wing at a local hospital, funding its construction entirely through a personal contribution. This act is considered a donative gesture, and the funds provided are a donative transfer of wealth. The hospital receives the gift without having to provide anything in return, reflecting the purely gratuitous nature of the donation.
Example 2: Family Property Transfer
An elderly parent decides to transfer ownership of their antique car collection to their adult child, not as a sale, but as a gift to be enjoyed. This transaction is a donative transfer of property. The parent's intent is to bestow a gift, and the child receives the assets without any financial obligation, making it a clear example of a gift-giving action.
Example 3: Bequest in a Will
In a will, a person specifies that their entire collection of rare coins should be given to a specific museum upon their death. This instruction in the will outlines a donative intent. The clause directs a future donative transfer, ensuring that the coins are passed on as a gift to the museum rather than being sold or distributed to other heirs for profit.
Simple Definition
Donative describes something related to a gift or donation. It characterizes an act of giving property or assets without expecting anything in return, or refers to something that is capable of being given as such a gift.