Simple English definitions for legal terms

transfer in contemplation of death

Read a random definition: cognizance

A quick definition of transfer in contemplation of death:

Transfer in contemplation of death is when someone gives away their property to others because they think they are going to die soon. If they get better, they can take back the property. This is also called a gift causa mortis. The most important thing is that the person giving away the property believes they are going to die soon and that's why they are giving it away.

A more thorough explanation:

Transfer in contemplation of death is a legal term that refers to the act of giving away property to someone else when a person believes they are about to die. This type of transfer is also known as a gift causa mortis.

The key factor in a transfer in contemplation of death is the donor's state of mind. The donor must believe that their imminent death is a compelling reason for transferring their property to another person. If the donor later recovers, they may revoke the transfer.

John is diagnosed with a terminal illness and believes he only has a few months to live. He decides to transfer ownership of his car to his son, Tom, in contemplation of his death. John passes away a few weeks later. Since John made the transfer while believing he was about to die, it is considered a transfer in contemplation of death.

Another example could be a person who is about to undergo a dangerous surgery and decides to transfer their property to a loved one in case they do not survive the procedure.

These examples illustrate how a transfer in contemplation of death occurs when a person believes they are about to die and wants to ensure their property is given to someone they trust.

Transfer agent | transfer-on-death (TOD)


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yay pookie! congrats!
omg this guy on the deposition is screamingggg
And congrats!!!!!!<3
like it's crazy
i've heard great things about UVA! I visited upenn and hated it so much / felt so uncomfy there and the starbucks by campus got robbed while i was there waiting for my tour to start lol
@OptimisticOutlier That sounds terrible, I'm sorry you had to experience that lol. Can I ask what made you feel uncomfortable? Like the sketchy vibes of the city or like the camp\us itself etc.?
penn is in a nice area
right next to drexel
it was campus itself, honestly i can't explain what it actually is. I felt the same way when I was touring schools for undergrad, pretty much pulled up to upenn and told my mom i knew i didn't like it and didn't need to take the tour lol
would argue with the nice area piece lol i think all of philly is kinda scary, someone pulled a gun on my team while we were down for a football game at upenn and walking around at night
but that said, i'm pretty happy i moved to pa after school and i know lots of people love upenn!
dear god is that sketchy
definetly safer than how its being described
people are absolutely crwzy
yeah yeah will 10000% agree i've had like bad outlier experiences lol
u are the optimistic outlier after all
how do i tell my boss im quitting and need to take off on monday (visiting ND on monday to meet with dean and check the vibes, was gonna put in my 2 weeks regardless
i luv being an art hoe snob
believe it or not i didn’t miss any calls
Lol all of philly is a dumpster fire
Yet i am moving there for law school in 14 days lol
@OptimisticOutlier: congratulations!!!
I live in that area. It isn't bad at all
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