The Law Dictionary

GIFT OVER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Where the intended recipient of a gift is either unavailable or refuses to accept a gift and appoints an alternate receiver. … [Read more...]

GESTUM

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Lat. In Roman law. A deed or act; a thing done. Some writers affected to make a distinction between "gestum" and "factum." But the best authorities pronounced this subtile and indefensible. Dig. 50, 16, 58. … [Read more...]

GIFT TAX

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The tax that is required to be paid as a result of giving gifts of a large amount of money. … [Read more...]

GEVILLOURIS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In old Scotch law. Gaolers. 1 Pitc. Crim. Tr. pt. 2, p. 234. … [Read more...]

GIFT TAXES

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A gift that is given from one person to another that is in excess of $12,000 in one year is subject to federal gift taxes. Exemptions exist which include gifts to a tax exempt charity, gifts to a spouse and those that may be for school tuition or medical bills. There are also exclusions for gifts made during your lifetime in the aggregate. The numbers and laws are subject to … [Read more...]

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