TSEM6033 - Legal background to trusts & estates: gift on account of death
A ‘gift on account of deathâ€� (donatio mortis causa) is a gift of personal property. It is given by a donor who is expecting to die. It is effective only if the donor dies. It automatically lapses if the donor recovers. »Ê¹ÚÌåÓýapp donor can change his mind and revoke the gift. It is neither a gift between the living (inter-vivos) nor a legacy.
It applies to personal property (TSEM6007) only- never to real property (TSEM6006).