Inter Vivos - Law Dictionary Search Results
Home Dictionary Name: inter vivos Page: 3 Page 3 of about 28 results (0.004 seconds)Any mode of transfer
Any mode of transfer, Succession to property implies devolution by operation of law and cannot appropriately be described as a mode of transfer which obviously contemplates a transfer inter vivos, Ebrahim Aboobaber v. Tek Chand Dolwani, AIR 1953 SC 298 (300). [Administration of Evacuee Property Act, 1950 (31 of 1950), s. 2(f)(1)]...
will
will 1 : the desire, inclination, or choice of a person or group 2 : the faculty of wishing, choosing, desiring, or intending 3 : a legal declaration of a person's wishes regarding the disposal of his or her property after death ;esp : a formally executed written instrument by which a person makes disposition of his or her estate to take effect after death see also codicil, living will, testament antenuptial will : a will that was executed by a person prior to that person's marriage and is usually revocable by the court if no provision was made for the person's spouse unless an intention not to make such a provision is manifest conditional will : a will intended to take effect upon a certain contingency and usually construed as having absolute force when the language pertaining to the condition suggests a general purpose to make a will counter will : mutual will in this entry holographic will : a will written out in the hand of the testator and accepted as valid in many sta...
trust account
trust account : an account opened with a trust company (as a bank) under which an inter vivos or testamentary trust is set up (as for the escrow of funds) ...
favor
favor 1 : bias 2 : benefit in favor of : to the benefit of [a judgment in favor of the defendant] in one's favor : to one's benefit [a donation inter vivos made in his favor] ...
donation
donation 1 : the making of an esp. charitable gift 2 in the civil law of Louisiana : a voluntary transfer of ownership of property from one person to another compare sale dis·guised donation : a transfer of property (as a sale) that does not have a sufficient reciprocal consideration (as a proportional price) so that it is considered a gratuitous donation and must meet the statutory requirements for a donation (as a notarial act) to be valid called also donation in disguise compare simulation donation in·ter vi·vos [-in-tər-vī-vōs, -in-ter-vē-vōs] : a donation that transfers property owned by the donor and that takes effect upon the donee's acceptance compare gift inter vivos at gift donation mor·tis cau·sa [-mȯr-tis-kȯ-zə, -mȯr-tēs-ka-sÄ ] : a donation that is to take effect on the donor's death and that is revocable compare gift causa mortis at gift 3 : something that is transferred by a donation...
deduction
deduction 1 : an amount allowed by tax laws to be subtracted from income in order to decrease the amount of income tax due see also Internal Revenue Code in the Important Laws section compare credit, exclusion, exemption busi·ness deduction : a deduction usually taken from gross income that is allowed for losses or expenses attributable to business activities or to activities engaged in for profit charitable deduction : a deduction allowed for a contribution to a charity usually that is qualified under the tax law (as sections 170 and 2055 of the Internal Revenue Code) de·pen·den·cy deduction : a deduction allowed to be taken in a set amount for a qualified dependent (as under sections 151 and 152 of the Internal Revenue Code) itemized deduction : a deduction for a specifically recorded item that is allowed to be taken from adjusted gross income if the total of such deductions exceeds the standard deduction marital deduction 1 : a deduction allowed under th...
causa mortis
causa mortis [Latin mortis causa in contemplation of death] : made or done in contemplation of one's impending death [rejected his claim that the gift was causa mortis "W. M. McGovern, Jr. et al."] usually used following the term it modifies see also gift causa mortis at gift compare inter vivos ...
Succession duties
Succession duties. The (English) Succession Duty Act, 1853, amended by 22 & 23 Vict. c. 21, ss. 12-15, and by the Customs and Inland Revenue Acts, 1881, 1888, and 1889, imposed a new set of duties, varying in amount from 1 per cent. in the case of a child succeeding a parent to 10 per cent. in the case of succession to a stranger in blood, upon real or personal property to which any person succeeds on the death of another. The duty is calculated on the capitalized value for the life of the successor of the property succeeded to, in accordance with a table schedule to the Act of 1853; e.g., if a person aged fifty succeed to property worth 100l. a year, he pays succession duty upon 1242l. 19s. 6d.Succession duties are payable as a rule at the same rate as legacy duty in respect of all property liable to be administered by any Court in Great Britain and Northern Ireland--unlike legacy duty, it falls on property passing by death (succession), under disposition by deed or other instrument (...
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