Donatio mortis causa financial definition of Donatio mortis causa
gift causa mortis (redirected from Donatio mortis causa)
Also found in: Legal
Gift Causa Mortis
made upon the giver's death. A gift causa mortis contrasts with a gift inter vivos
, which the giver bequeaths while still living. A large gift causa mortis may be subject to the gift tax
gift causa mortis
A gift in contemplation of death. This was an important term at one time because the IRS required such gifts,made within 3 years of death,to be included in the gross estate for estate tax purposes. You will still encounter the word, but the legal significance is no longer important because such property is no longer included in the estate.
References in periodicals archive
Term 1867) ("[I]n order to constitute a good donatio mortis causa
, it was not necessary that the donor should be in such extremity as is required to give effect to a nuncupative will.
Text 49 is a donatio mortis causa
concerning the status of one Zaki-Anu in relation to the well-being of Antu-tabat.