Gift Inter Vivos: What it is, How it Works, Example

Описание: Gift inter vivos, a gift between the living in Latin, refers to a transfer or gift made during the grantor's life. These gifts are subject to exclusion limits, can help reduce taxable estates, and are a useful estate planning strategy. They contain elements necessary for proper gift conveyance. Julia's gift of her family home to her grandson provides an example of an inter vivos gift in practice.
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