Legal Question in Wills and Trusts in Illinois
Gifted Estate Money
Can someone request gifted money back?
It has been 5 years since it was gifted.
Asked on 1/10/07, 12:24 pm
1 Answer from Attorneys
Re: Gifted Estate Money
If money or property was legally gifted, then it is not legally recoverable.
However, if the intent at the time of the money changing hands was that of a loan rather than a gift, it would be recoverable.
If documentation of the transaction exists, it should help to clarify the rights of the parties involved.
Good luck to you.
Answered on 1/10/07, 1:49 pm
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