Gift
Related Category: Legal Terms and Concepts
in law, voluntary transfer of property from one person to another without any compensation for it and without any obligation of an agreement or contract.
Gift Tax
(n) Gift tax is the charge, duty levied by the Government on transaction involving voluntary transfer of money or article of money value without any consideration payable to the transferor.
GIFT - A voluntary transfer of property from one person or entity to another made without charge or consideration.
Need a Lawyer? Check Out The 'Lectric Law Library's Searchable Attorney Directory
& our Searchable Expert Witness Directory ...
Charitable Gift Annuity A contract with a charity under which someone transfers assets to the charity in return for a promise to receive fixed payments for life (or, commonly, for the life of the donor and the donor's spouse).
gift in contemplation of death
n. (called a gift causa mortis by lawyers), a gift of personal property (not real estate) by a person expecting to die soon due to ill health or age.
Gift tax: A tax on the transfer of property from one living person to another. The tax is levied on the transfer, not on the property transferred.
GIFT, conveyancing. A voluntary conveyance; that is, a conveyance not founded on the consideration of money or blood. The word denotes rather the motive of the conveyance; so that a feoffment or grant may be called a gift when gratuitous.
Gift Over:
A device used in wills and trusts to provide for the gift of property to a second recipient if a certain event occurs, such as the death of the first recipient.
Good Faith: ...
Gift taxes
Federal taxes assessed on any gift, or combination of gifts, from one person to another that exceeds $12,000 in one year.
Lapsed Gift
A gift made in a will to a person who has died prior to the will-maker's death.
Larceny
Obtaining property by fraud or deceit.
Gift inter vivos
Definition -
: a gift made during the lifetime of the donor and delivered with the intent of surrendering immediately and irrevocably dominion and control over the property ...
gift
n. the voluntary transfer of property (including money) to anothe...
gift in contemplation of death
n. (called a gift causa mortis by lawyers showing off their Latin...
gift taxes - Federal taxes that assessed on certain gifts. The donor is responsible for the tax assessment.
Good time - A reduction in sentenced time in prison as a reward for good behavior. It usually is one third to one held of the maximum sentence.
Gift of Personal Property by Will. Real Property is usually transferred by a devise. The term disposition encompasses both a bequest of personalty and a devise of realty.
Real Estate Dictionary:
Bequest
Top ...
A gift or personal property in a will (to a legatee). A legacy may be: (1) specific (a gift of a specified thing e.g. "my gold wedding ring"); (2) demonstrative (a gift, in its nature general, ...
A gift made by a living person -- usually from a parent to a child -- with the intent that the amount will proportionately reduce the recipient's share of the gift-giver's estate.
A gift of a chattel or an item of personal property by will.
Used interchangeaby with bequest.
For example, a legacy would be created if the testator wrote this in his will: ...
Inter Vivos Gift - A gift made during the giver's life.
Inter Vivos Trust - Another name for living trust.
Intestacy Laws - See descent and distribution statutes.
bequest A gift of personal property by one's will; as distinguished from a devise, which is a gift of real property; personal property is said to be bequeathed.
bequest - A gift by will of personal property.
best evidence - In proving the content of a writing, the best evidence is the writing itself, and subject to exceptions of unavailability of the writing, ...
A gift of personal property by will.
Bicycle. Held to be a "carriage" within a statute forbidding fast driving. Taylor v. Goodwin, L.R., 4 Q.B.D. 228 (1879).
Donatio mortis causa A death-bed gift, made by a dying person, with the intent that the person receiving the gift shall keep the thing if death ensues.
The gift on the part of the state was gratuitous, and ownership passed wholly to the assignee. The land so given was definitely surveyed, marked out and registered. Such an assignment might take one of two possible forms.
If a gift is given, with the addition of precatory words, the courts tend to construe the words as expressing the reason for the gift, rather than a restriction on its use or the establishment of a trust.
Gift A thing (money, property, or other right) granted to another with no intent to be re-paid. A common law maxim says, "A gift is not a gift until the donor transfers possession to the donee.
the recipient of a gift). Generally a third party has no rights/liabilities under a contract.
The gift fails (is "adeemed") because the person who made the will no longer owns the property when he or she dies.
Separate Property: In community property states (California, Texas, Arizona, Idaho, Louisiana, New Mexico, Nevada and Washington), the property owned by one spouse which he/she acquired: a) before marriage, b) by inheritance, c) as a gift, d) ...
Bequeath: To give a gift to someone through a will.
The Legal Dictionary has taken steps to ensure that all legal, law, and court terms contained in our legal dictionary are correct.
A death-bed gift, made by a dying person, with the intent that the person receiving the gift shall keep the thing if death ensues. Such a gift is exempted from the estate of the deceased as property is automatically conveyed upon death.
The most usual way of acquiring an interest in property is as the result of a consensual transaction with the previous owner, for example, a sale or a gift.
Disclaim - To refuse a gift made in a will.
Discovery - The name given pretrial devices for obtaining facts and information about the case.
Dismissal - The termination of a lawsuit. (See with prejudice and without prejudice.) ...
Disclaim: To refuse a gift made in a will.
Discovery: The pretrial process by which one party discovers the evidence that will be relied upon in the trial by the opposing party.
Uniform Acts Uniform Gift to Minors Act
Use of Deadly Force
Uniform Acts Uniform Interstate Family Support Forms ...
Antenuptial
An event or document which pre-dates a marriage. For example, an "antenuptial agreement" is one which is signed before marriage. A antenuptial gift is a gift given by one spouse to the other before marriage.
Back To Top ...
non-marital property Generally, property owned by either spouse prior to marriage or acquired by them individually, such as by gift or inheritance, during the marriage.
Generally, this is property that a party either owned prior to marriage, acquired after the date of separation or acquired as a gift or inheritance from a third party at any time.
(3) anything that either of you received, as a gift or by inheritance, at any time.
Formal legal documentation of your wishes related to your body and healthcare, should you become incapacitated or die. They may include living wills, durable health care powers of attorney, durable mental health care declarations, and anatomical gift ...
 See also: Law, Person, Will, Property, State
  
|
RSS
