Gifts Law

Gifts Law in the context of inheritance refers to the rules governing how gifts given by a person during their lifetime may affect the distribution of their estate after death. It ensures that significant gifts made shortly before death, especially if they reduce the overall estate value, are considered to maintain fairness among heirs. In some jurisdictions, these gifts can be "brought back" into the estate calculation to assess whether heirs receive their rightful shares. This law aims to prevent manipulation of inheritance by encouraging transparency regarding large lifetime gifts.