Gift giving rules dating

A majority of states are practical about the requirement of a delivery.Where the donor and the donee reside in the same house, it ordinarily is not required that the gift be removed from the house to establish a delivery.A voluntary transfer of property or of a property interest from one individual to another, made gratuitously to the recipient.The individual who makes the gift is known as the donor, and the individual to whom the gift is made is called the donee.The individual accepting delivery must be holding the property for the donee and not for the donor.

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Delivery Delivery of a gift is complete when it is made directly to the donee, or to a third party on the donee's behalf.

It is necessary for the donee to agree at the same time the delivery is made.

The gift can, however, be revoked at any time prior to acceptance.

If a gratuitous transfer of property is to be effective at some future date, it constitutes a mere promise to make a gift that is unenforceable due to lack of consideration.

A present gift of a future interest is, however, valid.

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