Gift Causa Mortis

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.

BREAKING DOWN '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 In Trust

    An indirect bequest of assets to a beneficiary by means of a ...
  2. Gift Tax Return

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

    Property, money or assets that one person transfers to another ...
  4. Gift Inter Vivos

    A gift given during the life of the grantor. Following a gift ...
  5. Gift Card

    Gift cards fill the role that paper gift certificates used to ...
  6. Annual Exclusion

    The amount of money that may be transferred by gift from one ...
Related Articles
  1. Your Clients

    How to Gift Your Way to Lower Estate Taxes

    Estate planning is not just for inheritance. High net-worth individuals, who plan properly, can gift their money and save on taxes.
  2. Budgeting

    7 Unique And Inexpensive Gifts For The Holidays

    Looking for gift ideas that won't break the bank? We've got seven personal service ideas for you.
  3. Personal Finance

    3 Best And Worst Gift Cards For 2012

    Here are the gift cards that offer the best deals and those that aren't worth your money.
  4. Personal Finance

    6 Tips For Getting The Most Out Of Gift Cards

    Gift cards are big business, amounting to an estimated $91 billion in annual retail spending. Get the most bang for your gift card buck.
  5. Savings

    How To Get Gift Cards At A Discount

    Use these tips whether you're buying someone a gift or just want to score a discount at your favorite stores.
  6. Budgeting

    5 Holiday Gift Ideas For Women

    Jewelry, apparel and - surprise! - gift cards lead the way for this shopping season.
  7. Savings

    How Safe Are Discounted Gift Card Websites?

    Could you buy a gift card online and find out it's worthless? Here's how to protect yourself (and whether you need to).
  8. Budgeting

    The New Generation Of Charitable Gifts

    Stuck for a gift idea? These gifts give to more than your recipient.
  9. Bitcoin Tax Guide: Gifts And Tips

    So in addition to all of the other tax consequences for Bitcoin, there are actually tax consequences for giving it away?! In some rare cases, yes. As a result, it's helpful to differentiate ...
  10. Personal Finance

    Gifts For People You Aren't That Close To

    Finding a gift for a new boyfriend or girlfriend, your boss, or the postman can sometimes be a challenge.
RELATED FAQS
  1. Justin and Britney, multi-millionaires, want to make the maximum gift of cash to ...

    The correct answer is c. A donor of money and/or gifts may give up to $12,000 to as many different recipients as they desire ... Read Answer >>
  2. What is the difference between a prepaid credit card and a gift card?

    Although prepaid and gift cards are used in the same manner, a prepaid credit card can be used repeatedly, while a gift card ... Read Answer >>
  3. Last year I got my parents’ house title transferred to my name. Do I have to file ...

    I haven’t filed taxes since 2003 when I was in the army because I haven’t worked since then... Read Answer >>
  4. How is cost basis calculated on an inherited asset?

    Understand how the cost basis for stocks, property and other inherited assets is calculated, and the resulting tax implications ... Read Answer >>
  5. Can I purchase my dad’s home by paying off the mortgage and using a quit claim deed? ...

    My dad owes around $35,000 on his home and has early Alzheimer's. I want to pay off the mortgage with cash and transfer ... Read Answer >>
Hot Definitions
  1. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  2. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  3. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  4. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  5. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  6. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
Trading Center