gift inter vivos

A real gift. A gift between living persons; a voluntary transfer of property by one living person to another living person, without any valuable consideration, which becomes absolute and irrevocable during the lifetime of the parties. 24 Am J1st Gifts § 4.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • gift inter vivos — see gift Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Gift Inter Vivos — A gift given during the life of the grantor. Following a gift inter vivos, the grantor no longer has any rights to the property, and can not get it back without the permission of the party it was gifted to. This type of gift has two major… …   Investment dictionary

  • gift inter vivos — /ˌgɪft ɪntə vi:vəυs/ noun a gift given to another living person. Abbreviation GIV …   Dictionary of banking and finance

  • gift inter vivos — A piece of property or asset given from one living person to another. Bloomberg Financial Dictionary …   Financial and business terms

  • inter vivos — in·ter vi·vos / in tər vī vōs, vē / adv or adj [Late Latin]: between living persons an inter vivos transfer see also donation inter vivos at donation; gift inter vivos at gift; …   Law dictionary

  • inter vivos — in‧ter vi‧vos [ˌɪntə ˈviːvɒs ǁ tər ˈviːvoʊs, ˈvaɪ ] adverb LAW from one living person to another living person: • A joint tenancy is severed if a joint tenant disposes of his interest inter vivos. inter vivos adjective : • an inter vivos gift * * …   Financial and business terms

  • inter vivos — /intar vayvows/ Between the living; from one living person to another. Where property passes by conveyance, the transaction is said to be inter vivos, to distinguish it from a case of succession or devise. So an ordinary gift from one person to… …   Black's law dictionary

  • inter vivos gift — See gift inter vivos …   Ballentine's law dictionary

  • inter vivos — Between living persons. See gift inter vivos …   Ballentine's law dictionary

  • Inter vivos — (Latin, between the living ) is a legal term referring to a transfer or gift made during one s lifetime, as opposed to a testamentary transfer (a gift that takes effect on death).The term is often used to describe a trust established during one s …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.