Inter Vivos - Law Dictionary Search Results
Home Dictionary Name: inter vivosinter vivos
inter vivos [Late Latin] : between living persons [an inter vivos transfer] see also donation inter vivos at donation gift inter vivos at gift inter vivos trust at trust compare causa mortis ...
Inter-vivos
Inter-vivos, the words 'inter vivos' in the context of s. 394 of the Companies Act would include within their meaning also a transfer between two 'juristic persons' or a transfer to which a 'juristic person' is one of the parties. Where any property passes by conveyance, the transaction would be said to be inter vivos as distinguished from a case of succession or devise, Hindustan Lever v. State of Maharashtra, (2004) 9 SCC 438 (460), Companies Act s. 394. (Transfer of Property Act, 1882, s. 5)Means 'between the living from one living person to another. Where property passes by conveyance, the transaction is said to be inter vivos, to distinguish it from a case of succession or devise, Saroj Rani v. State of Punjab, (1999) 6 SCC 632....
donatio inter vivos
donatio inter vivos [Latin, literally, gift between living people] : donation inter vivos at donation ...
donation inter vivos
donation inter vivos see donation ...
gift inter vivos
gift inter vivos see gift ...
inter vivos trust
inter vivos trust see trust ...
Donatio inter vivos
Donatio inter vivos, a gift made by some one not in prospect of death, as distinguished from donatio mortis causa (q.v.). It is constituted by an intention to give coupled with such acts as are necessary to give effect to such intention. If the donor dies within three years the subject-matter, if over 100l. in value, is generally subject to estate duty, unless given in consideration of marriage or a normal expenditure. (English) [Finance (1909-10) Act, 1910, s. 59)....
gift
gift 1 : an intentional and gratuitous transfer of real or personal property by a donor with legal capacity who actually or constructively delivers the property to the donee with the intent of giving up dominion over the property and investing it in the donee who accepts it ;broadly : a voluntary transfer of property without compensation see also delivery compare donation, sale class gift : a usually testamentary gift of a sum to a group of unspecified persons whose number and identity and share of the gift will be determined sometime in the future (as at the death of the donor) com·plet·ed gift : a gift in which the dominion and control of the property is placed beyond the donor's reach gift cau·sa mor·tis [-kȯ-zə-mȯr-tis, -ka-sÄ -mȯr-tēs] pl: gifts causa mortis : a gift of esp. personal property made in contemplation of impending death that is delivered with the intent that the gift take effect only in the event of the donor's...
trust
trust 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. accumulation trust : a trust in which principal and income are allowed to accumulate rather than being paid out NOTE: Accumulation trusts are disfavored and often restricted...
worthier title
worthier title often cap W&T : a common-law doctrine providing that an heir receiving a devise of an estate that is the same as the estate he or she would receive by descent if the grantor died without a will receives the property by descent rather than by devise since descent has been thought to convey a better title NOTE: The doctrine of worthier title today is usually considered in light of its implication for inter vivos transfers (that is, transfers made between living persons) to an heir. When a grantor makes an inter vivos conveyance of property followed by a future estate to his or her heirs, the conveyance is deemed to create a reversion in the grantor rather than a remainder, so that the heirs take by descent and receive a superior title than that which would have been received through the remainder. ...
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