Gift Causa Mortis

AAA

DEFINITION of 'Gift Causa Mortis'

A gift to be given at a later date in anticipation of the giver's death. If the giver dies of an ailment differing from the expected one, the gift is not effective. The gift may be revoked by the giver on any date prior to the expected date as long as no property, whether concrete or symbolic, has been delivered to the recipient.

INVESTOPEDIA EXPLAINS 'Gift Causa Mortis'

A gift can be given causa mortis (in anticipation of the death of the grantor) or inter vivos (during the life of the grantor). A gift causa mortis is taxed under federal estate tax law in the same way as a gift bequeathed by a will.

RELATED TERMS
  1. Gift Letter

    Written correspondence to a lender stating that money received ...
  2. Gift Tax Return

    A federal tax form that must be filled out by any individual ...
  3. Gift Inter Vivos

    A gift given during the life of the grantor. Following a gift ...
  4. Estate

    All of the valuable things an individual owns, such as real estate, ...
  5. Gift

    Property, money or assets that one person transfers to another ...
  6. Gift Tax

    A federal tax applied to an individual giving anything of value ...
Related Articles
  1. Can I donate stock to charity?
    Investing

    Can I donate stock to charity?

  2. Top 7 Estate Planning Mistakes
    Retirement

    Top 7 Estate Planning Mistakes

  3. Gifting Your Retirement Assets To Charity
    Retirement

    Gifting Your Retirement Assets To Charity

  4. Getting Started On Your Estate Plan
    Options & Futures

    Getting Started On Your Estate Plan

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center