Boston Massachusetts Advancement Declaration of Gift Intended or Not Intended as Advancement
Category:
State:
Multi-State
City:
Boston
Control #:
US-13409529BG
Format:
Word;
Rich Text
Instant download
Description
An advancement is an irrevocable gift made inter vivos by a parent to his or her child, with the intent that the gift is to represent all or part of the parent's estate to which the child would be entitled on the death of the parent intestate. In some jurisdictions, statutes provide for advancements despite the parent's intent, and in other jurisdictions an advancement is not limited to gifts from parent to child, but may include such transfers from a specified donor to a specified heir
