gift inter vivos

Definition of "gift inter vivos"
  1. A handover of property or assets made when the donor is still alive, intending to give up control and possession of it immediately and without any plans of taking it back
How to use "gift inter vivos" in a sentence
  1. To ensure his children's financial stability, the wealthy father made a gift inter vivos of his most valuable property.
  2. Through a gift inter vivos, the old woman transferred the ownership of her house to her granddaughter while she was still living.
  3. Rather than waiting to bequeath his art collection in his will, the art investor decided to distribute them as a gift inter vivos.

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