Inter Vivos Gift
/ˌɪntər ˈvɪvoʊz ɡɪft/
Definitions
- (n.) A voluntary transfer of property or asset made by a living person to another without consideration or compensation.
He gave her a valuable painting as an inter vivos gift during his lifetime.
Forms
- inter vivos gift
- inter vivos gifts
Related terms
See also
Commentary
Inter vivos gifts differ from testamentary gifts by taking effect during the donor's lifetime rather than after death.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.