Gift in contemplation of death

{
  "id": "MLC-T-LAW-002315",
  "term": "Gift in contemplation of death",
  "field": "Law",
  "definition": "A transfer of property made by a donor who believes they are near death, with the understanding that the gift will be revoked if they recover. This type of gift, known as a causa mortis gift, is conditional and becomes absolute only upon the donor's death from the contemplated peril. Such gifts are subject to specific legal requirements and can have implications for estate taxes.",
  "url": "https://mlchart.com/terminology/law/gift-in-contemplation-of-death/"
}