Conditional Gift

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Definition of "Conditional Gift"

A conditional gift is a gift of property which is revocable if the recipient does not fulfill conditions attached to the gift. For example: "I give my house to my friend John, provided that my friend John takes care of whatever cats I own on my death for as long as the cats shall live." Another common example is "I give my house to my friend, John Smith, provided he is alive at my death".

"Conditional Gift" is referred to in the following legal documents:

Last Will and Testament

See also:

Absolute Gift

Beneficiary