Intention
The donor of the gift must have a present intent to make a gift of the property to the donee. A promise to make a gift in the future is unenforceable, and legally meaningless, even if the promise is accompanied by a present transfer of the physical property in question.
Suppose, for example, that a man gives a woman a ring and tells her that it is for her next birthday and to hold on to it until then. The man has not made a gift, and could legally demand the ring back at any time before the woman's birthday. In contrast, suppose a man gives a woman a deed and tells her it will be in her best interest if the deed stays in his safe-deposit box. The man has made a gift and would be unable to legally reclaim it.
Read more about this topic: Gift (law)
Famous quotes containing the word intention:
“A good intention clothes itself with sudden power. When a god wishes to ride, any chip or pebble will bud and shoot out winged feet and serve him for a horse.”
—Ralph Waldo Emerson (1803–1882)
“O Lord, deliver me from the man of excellent intention and impure heart: for the heart is deceitful above all things, and desperately wicked.”
—T.S. (Thomas Stearns)
“Parenthood is not an object of appetite or even desire. It is an object of will. There is no appetite for parenthood; there is only a purpose or intention of parenthood.”
—R.G. (Robin George)