gift inter vivos
Defined in 2 dictionaries — Case Law, Ballentine's (1916)
Definitions from Case Law
From 278 U.S. 339 - Reinecke v. Northern Trust Co. · 1929Most cited · 940 citing opinions
In its plan and scope the tax is one imposed on transfers at death or made in contemplation of death and is measured by the value at death of the interest which is transferred. One may freely give his property to another by absolute gift without subjecting himself or his estate to a tax.
Ballentine's Law Dictionary
James A. Ballentine · 1916
A voluntary gift bestowed upon one living person by another. See 43 Tex. 340.