A conditional gift is one that is subject to or dependent on a condition. A gift is a conditional gift and it is not final until some future event occurs. … If the particular event does not occur, the person making the gift has the right to get back the gift.

Can gifts have conditions?

A conditional gift can be as simple as requiring a beneficiary to reach a certain age before he or she receives a gift from a will or trust. … Conditions that involve behavior are frequently upheld, especially when viewed as in the best interests of public policy and the welfare of the beneficiary.

What is a conditional gift contract law?

o Conditional gifts – a promise to pay someone $100 if they perform a certain act is a conditional gift. Whereas, in return for performance of an act gives rise to a contract. … Public policy consideration – principle to discourage parties from seeking to secure additional benefits by threatening to breach contract.