Donative intent definition

Donative intent means the intent to give some or all of an ownership interest in property to another. See Intent, BLACK’S LAW DICTIONARY (11th ed. 2019) (defining “donative intent” as “[t]he intent to surrender dominion and control over the gift that is being made”). As far as it goes, the fact that this intent can include the intent to convert individually owned property into a joint tenancy between the giver and recipient provides some basis for Schwersenska’s argument. See Trattles v. Trattles, 126 Wis. 2d 219, 223, 376 N.W.2d 379 (Ct. App. 1985) (a gift may result from the conversion of separate property to joint tenancy); Russ v. Russ, 2007 WI 83, ¶31, 302 Wis. 2d 264, 734 N.W.2d 874 (citing Derr v. Derr, 2005 WI App 63, ¶36, 280 Wis. 2d 681, 696 N.W.2d 170 (“When funds are deposited into a joint bank account, donative intent is presumed.”)).
Sample 1

Examples of Donative intent in a sentence

  • Other Requirements for Charitable Deduction Donative intent The term “contribution or gift” is generally interpreted to mean a voluntary transfer of money or other property without receipt of adequate consideration and with donative intent.

  • Grant, “Spatial Modulation for Multiple-Antenna Wireless Systems - A Survey”, IEEE Communications Magazine, Vol.

  • Donative intent is lacking where the benefit is primarily to the student participant and only incidentally to others.

  • Donative intent must be the primary motive for gift giving, that is, the intention to give something of value for the betterment of the university, with no expectation of receiving anything in return.

  • Donative intent is the intention to give away something of value for the benefit of the university.

  • Hence only 1029 patients could be screened and therefore the lower prevalence as compared to previous studies.

  • Donative intent of the giver (donor) is achieved by delivery and acceptance of the property.

  • Donative intent on the grantor’s part is an essential element of a gift.

  • Donative intent on the part of the donor is not an essential element for gift tax purposes; the application of gift tax is based on the objective facts and circumstances of the transfer rather than the subjective motives of the donor.

  • Donative intent on the part of the transferor is not an essential element in the application of the gift tax to the transfer.

Related to Donative intent

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