What Does Capacity to Gift Mean and When is it Assessed?

A hand holding a gift-wrapped box with a ledger and pen in the background, representing the concept of capacity to gift.

Deciding to gift money or assets is a significant decision that requires clear understanding and intent. When someone’s ability to make such decisions is in question, a Capacity to Gift Assessment ensures the individual fully comprehends the implications of their choices and that the decision is legally sound. This post explains what “capacity to gift” … Read more