Gift inter vivos

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Gift inter vivos

A piece of property or asset given from one living person to another.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Gift Inter Vivos

A gift one gives to another while one is still living. A gift inter vivos contrasts with a gift causa mortis, where the giver bequeaths the gift pending his/her own death. A large gift inter vivos may be subject to the gift tax.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved