Can a donor revoke a gift after it has been made and accepted?

Prepare for the Donors Tax Test with interactive quizzes and multiple-choice questions. Each question offers hints and explanations to enhance your understanding. Ensure you're fully equipped for the test!

When a donor makes a gift and the recipient accepts it, the general legal principle is that the gift is irrevocable. This means that once the transfer of ownership is complete and the recipient has accepted the gift, the donor cannot simply change their mind and revoke the gift. However, there are specific conditions under which a gift may be revoked.

For instance, if the gift was made with the expectation that certain conditions would be met and those conditions are not fulfilled, or if the donor was misled or coerced into making the gift in the first place, the donor may have grounds to seek revocation. Additionally, if the donor can demonstrate a lack of capacity at the time of gifting, it might impact the validity of the gift. Hence, while the general rule is that gifts are irrevocable upon acceptance, there are exceptions based on legal principles related to conditions, coercion, or capacity. This nuanced understanding highlights the complexity of gift law and why the answer indicates that revocation is not straightforward and can occur only under certain circumstances.

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