Gift inter vivos

(redirected from Gifts Inter Vivos)
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Gift inter vivos

A piece of property or asset given from one living person to another.

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.
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If through gifts inter vivos or mortis causa (or through disinheritances) with prejudice to partible inheritance, it will be operated the reduction of gifts, the goods being given to the heirs who are entitled to a portion of an inheritance, who will not be obliged to accept their value exchange, neither if the testate would do it in another way.