Nonprobate TransfersGifts in View of Impending Death
Section § 5700
This law defines a 'gift' as when someone voluntarily gives personal property to another person without expecting anything in return.
Section § 5701
This law states that a gift given because someone expects to die soon is treated like any other gift of personal property unless specified otherwise in this part of the law.
Section § 5702
This law explains a 'gift in view of impending death.' It's a gift someone gives when they think they might die soon, due to illness or other danger. The idea is that the gift can be taken back if the person ends up surviving. If a law mentions a gift like this, it's talking about a gift given when death seemed near.
Section § 5703
This law states that if a person gives a gift while they are seriously ill or believe they are going to die soon, it is assumed to be a gift made because they expect to pass away soon.
Section § 5704
This law explains the rules around gifts given in anticipation of someone's death. A gift given under these circumstances can be revoked (or canceled) if the person who made the gift recovers from the sickness or escapes the danger they were in at the time of giving. It can also be revoked if the person receiving the gift dies before the person who gave it. Additionally, the person who gave the gift can revoke it at any time, or they can mention in their will that they want to revoke it.
However, if the gift has already been handed over to the recipient and someone else buys or claims it in good faith before knowing it could be taken back, their rights won't be affected. Also, such a gift remains valid despite any earlier will of the person who made the gift.