inter vivos gift
Quick Summary
An inter vivos gift is a legal term for a gift made between living persons. To be legally valid, an inter vivos gift requires a competent donor, an eligible recipient, an identifiable item or interest, the intention to give, delivery of the item, and acceptance by the recipient. In Anglo-American law, a promise to make a gift is not a binding contract unless specific formalities are met. Gifts of real property typically require a written deed, while gifts of movable property necessitate a transfer of possession and donative intent. Acceptance of a gift is generally presumed.123
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property lawConcurrent individual owners…joint tenants conveys his moiety inter vivos (e.g., through a living trust), the conveyance destroys the survivorship interest of his cotenants so far as that moiety is concerned. The conveyee takes not as a joint tenant but as a tenant in common with the other tenants. In tenancy in common,…
Read More…joint tenants conveys his moiety inter vivos (e.g., through a living trust), the conveyance destroys the survivorship interest of his cotenants so far as that moiety is concerned. The conveyee takes not as a joint tenant but as a tenant in common with the other tenants. In tenancy in common,…
Read More- property lawInter vivos
Lacking the contract to make the gift valid, Anglo-American law has long puzzled over the donative conveyance of movables. Traditional doctrine holds that there has to be delivery, a transfer of possession of the thing accompanied by donative intent on the part of…
Read MoreLacking the contract to make the gift valid, Anglo-American law has long puzzled over the donative conveyance of movables. Traditional doctrine holds that there has to be delivery, a transfer of possession of the thing accompanied by donative intent on the part of…
Read More - property lawSales
…effective between living parties (inter vivos) or will take effect only upon the death of the conveyor (testamentary). Whereas inter vivos sales and inter vivos gifts of movables are treated quite differently, the conveyancing aspects of inter vivos sales and inter vivos gifts of immovables are quite similar.
Read More…effective between living parties (inter vivos) or will take effect only upon the death of the conveyor (testamentary). Whereas inter vivos sales and inter vivos gifts of movables are treated quite differently, the conveyancing aspects of inter vivos sales and inter vivos gifts of immovables are quite similar.
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