Gift In Contemplation Of Death Legal Meaning and Definition

Here is a simplified definition of the legal term Gift In Contemplation Of Death.

Gift In Contemplation Of Death (noun)

A Gift In Contemplation Of Death is a term used in law to describe the act of giving away property or items without expecting any money in return by a person who believes they are close to death. This gift is often given out of love and care for the person or organization receiving the gift.