Legal Question in Wills and Trusts in Washington
monetary gifts
can a person renige on a monetary gift after it has been given and transferred legally
Asked on 12/23/07, 10:59 pm
1 Answer from Attorneys
Elizabeth Powell
ELizabeth Powell PS Inc
Re: monetary gifts
Depends on what you mean by "transferred legally". A gift requires donative intent and some indicia of transfer.
A bequest, however, can be revoked because a will is not final until the maker is deceased, and theoretically at least, they can change their mind at any time while they are still alive.
Hope this helps. Elizabeth Powell
Answered on 12/24/07, 12:46 am