CALIFORNIA FAMILY LAW
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Community Property Issues
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Gifts/Transfers of C/P
.........To Children
7 Cards On This Topic:
Mutual gifts of c/p to children permitted; no unilateral gifts.
Guidelines for determining whether undisclosed gift to an adult child is a gift or loan after the fact.
Funds placed in trust for minor child of parties under CUGMA are divisible c/p absent written consent, written ratification, waiver or estoppel.
Only 1/2 of c/p monies deposited into account by H as trustee for third person goes to that person upon death of H. Balance goes to W.
Absent written consent, nondonor spouse may void gifts made to parties' children even if s/he had knowledge of gifts.
W entitled to set aside gifts H and W made to children, despite having signed notes and gift tax returns, where parties' actions showed lack of donative intent.
One spouse may set aside gifts made, without his/her written consent, by other spouse to child during marriage.