Different types of gifts in a will

In contrast to a gift that is distributed while the person is still alive is referred to as an "inter vivos gift", a gift that is distributed through a will after death is known as "testamentary gift". Testamentary gifts can be revocable (revoked or withdrawn at the request of the donor) and/or have conditions placed on the gift. There are different types of testamentary gifts that you may make in your will, broadly classified based on how the gift is given away, 

Type of Gift What is it?
Specific Gift
  • The gift is specific - You own it, and it goes to someone specific.
  • The specific

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Timeliss Tiffany

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