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Simple English definitions for legal terms

illusory-transfer doctrine

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A quick definition of illusory-transfer doctrine:

Term: Illusory-Transfer Doctrine

Definition: The illusory-transfer doctrine is a rule in the law that disregards a gift made during a person's lifetime if the donor still retains too much control over the transferred property. This means that if the donor did not have a genuine intention to give away the property, the law will not recognize the transfer. This rule is usually applied to trusts where the person who created the trust still has too much power over it, such as the power to revoke the trust or control the income from it. The leading case on this doctrine is Newman v. Dore, 9 N.E.2d 966 (N.Y. 1937).

A more thorough explanation:

The illusory-transfer doctrine is a legal rule that states that an inter vivos gift (a gift made during the giver's lifetime) will not be recognized if the giver retains too much control over the transferred property. This means that if the giver does not have a genuine intention to give away the property, the law will not consider it a valid gift.

For example, if someone creates a trust and retains the power to revoke it, receive income from it, and make all the decisions about how the trust property is managed, the trust may be considered an illusory transfer. This is because the giver has not truly given up control over the property.

The leading case on the illusory-transfer doctrine is Newman v. Dore, a 1937 case from New York.

Another example of an illusory transfer might be if someone gives a car to a friend but continues to use it as if it were still their own. In this case, the law would not recognize the gift as a valid transfer of ownership.

illusory tenant | imbezzle

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It needs more alcohol. You tingle when your nerves need watering.
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try stretching it maybe to see what's up
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Dkk
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Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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what.jpg @Dkk
CynicalOops
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nope dk
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Calvinamala Harris
jackfrost11770
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should i start using letterboxed again
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dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
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I will take In N Out everyday over it when I can though.
texaslawhopefully
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In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
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Indeed, indeed.
BulbasaurNoLikeCardio
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@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
just called Fordham. they said there will be decisions going out today
so congratulations on pre xmas waves
BulbasaurNoLikeCardio
10:27
Hope schools are chill and just send As leaving the Rs for next month lol
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