1 A gratuitous transfer of property made during the lifetime

1. A gratuitous transfer of property made during the lifetime of the donor is called:

Multiple Choice

A. An Incomplete gift

B. A testamentary transfer

C. A taxable gift

D. An Intervivos transfer

E. All of the choices are correct

Solution

The Answer is “D. An Intervivos transfer”

- A gratuitous transfer of property made during the lifetime of the donor is called an Intervivos transfer

- The term Intervivos transfer is a form of transferring a gift or properties during the lifetime of a person.

- An Intervivos transfer can also be defined as the transfer of property made between the peoples who are actually living right now.