Gift Inter Vivos

Dictionary Says

Definition of '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.
Investopedia Says

Investopedia explains 'Gift Inter Vivos'

This type of gift has two major benefits. The first is that since the gift was given prior to death, it is not considered part of the estate and is therefore not subject to probate taxes. Also, if given as a donation to a charitable foundation, the gifter can use the value amount as a tax credit on his/her tax return.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Transferor

    In a legal ...
  2. Charitable Donation

    A gift made by ...
  3. Gift

    Property, money ...
  4. Probate

    The legal ...
  5. Estate

    All of the ...
  6. Living Will

    A legal document ...
  7. Gift Causa Mortis

    A gift to be ...
  8. Gift Tax

    A federal tax ...
  9. Voluntary Trust

    A type of living ...
  10. Charitable Gift Annuity

    A type of gift ...

Articles Of Interest

  1. Skipping-Out on Probate Costs

    Don't let bad estate planning lead to unnecessary costs and stress for your inheritors.
  2. Getting Started On Your Estate Plan

    With some preparation, you can save your heirs from paying a hefty estate tax. Here are some tips.
  3. Gifting Your Retirement Assets To Charity

    There are several things to consider when it comes to this type of charitable giving. Make sure you're well informed.
  4. Can I donate stock to charity?

  5. Tax-Efficient Wealth Transfer

    Taxpayers with large taxable estates were required to take steps to reduce them before 2011.
  6. Top 7 Estate Planning Mistakes

    Many people try to avoid this process altogether, making things difficult for heirs.
  7. Pass On Wealth To Spread Holiday Cheer

    Find out why money can sometimes be the perfect gift.
  8. What To Do When You're Left Out Of A Will

    Discover the legal steps you can take if you are left out of a will and if fighting is worth the effort.
  9. Tax-Saving Advice For IRA Holders

    Be informed about benefits and deductions that may apply to you and avoid costly mistakes on your return.
  10. What Is A Will And Why Do I Need One?

    Putting this document together will save your family time and money, and give you peace of mind.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center