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LSDefine

Simple English definitions for legal terms

inter vivos gift

Read a random definition: lapsus bonis

A quick definition of inter vivos gift:

An inter vivos gift is when someone gives something to another person without expecting anything in return. It can be something like money or a toy. The person giving the gift cannot take it back once they have given it. This is different from a gift in a will, which is given after someone has died. A gift can also be given to a group of people, like all the grandchildren in a family. Once the gift is given, it belongs to the person who received it and they can use it however they want.

A more thorough explanation:

An inter vivos gift is a voluntary transfer of property from one person to another without compensation during the donor's lifetime. It is also known as a lifetime gift or absolute gift. The intention of the donor is to irrevocably surrender control over the property. The recipient must accept the gift, and the donor must deliver it to the recipient.

Examples of inter vivos gifts include:

  • A parent giving a car to their child as a birthday present
  • A friend giving a piece of jewelry to another friend as a token of appreciation
  • A grandparent giving money to their grandchild to help pay for college

These examples illustrate the definition of an inter vivos gift because they involve a voluntary transfer of property without compensation during the donor's lifetime. The intention of the donor is to give up control over the property, and the recipient accepts the gift.

inter virum et uxorem | intestate law

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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
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
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
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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