LSDefine

Simple English definitions for legal terms

lifetime gift

Read a random definition: trial by oath

A quick definition of lifetime gift:

Term: Lifetime Gift

Definition: A lifetime gift is a present given to someone while the giver is still alive. It is also called an inter vivos gift. This is different from a gift given after the giver has passed away, which is called a testamentary gift.

A more thorough explanation:

Definition: A gift given during a person's lifetime. See inter vivos gift under gift.

Giving your child a car for their 18th birthday is a lifetime gift.
Donating money to a charity while you are still alive is also a lifetime gift.

These examples illustrate that a lifetime gift is a gift given while the giver is still alive. It can be given to a family member, friend, or even a charity. It is different from a gift given in a will, which is given after the giver has passed away.

life table | lifting costs

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

JapaneseMacaque

20:55

MIAMI A

[] AromaticTroubledDormouse

20:55

How does one know if they are UR1 or UR2?

[] AromaticTroubledDormouse

20:56

CONGRATS MACAQUE!

JapaneseMacaque

20:57

TY

jackfrost11770

20:59

got a random stanford email and almost had a heart attack

jackfrost11770

20:59

ALSO CONGRATS!

texaslawhopefully

21:03

Congrats1!

Ratratta

21:15

Miami A, yall I'm so excited I could cry.

Ratratta

21:15

Feel like I can finally stop holding my breath!! Whew!!!

[] baddestbunny

22:16

every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles

Dkk

22:32

Nice! @Macaque

Dkk

22:32

@Aromatic, Have to guess.

Dkk

22:33

That sucks @Bunny do you have to go to the hospital?

[] baddestbunny

22:40

I said accosted not assaulted

JazzyGazelle

23:35

guys. my notre dame address just went long is this good or bad

1a2b3c4d26z

23:37

Oooooo me too

JazzyGazelle

23:37

omg is this good or bad

Dkk

23:47

Idk if gender roles are gunna fix that then.

JazzyGazelle

23:49

it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??

180SupremeWarrior

23:53

hows ED 2 compared to ED 1?

Dkk

0:10

No idea

windyMagician

0:34

reporting live to say my ndls address also went long

JazzyGazelle

0:59

does it mean anything ^

Dkk

2:21

NDLS and Fordham took a very long time last year. It's good info for people to know.

[] baddestbunny

4:29

let’s get after it boys and girls

Dkk

5:21

I gtg to bed soon.

Dkk

5:22

Big day today. Gunna be a crazy one. I will sleep through the first half.

jackfrost11770

5:37

good morning lsd it is 5 am EST

jackfrost11770

5:37

also jazzy my ndls address went long ages ago i sadly do not think it means anything

jackfrost11770

5:38

my stanford address also went long LOL i think at most it's an indicator it's under review

LSD+ is ad-free, with DMs, discounts, case briefs & more.