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Can a Parent Revoke a Gift of Stock to a Child?


Can a parent ever revoke gift of corporate stock given to a child?  The short answer is maybe. A gift of stock from parent to child is presumed to be a gift under New Jersey law. For the parent to revoke the presumption of a gift requires the parent to meet New Jersey's highest civil burden of proof under the 'clear and convincing' evidence stand...

Posted by , May 3, 2015 • Litigation, Probate Litigation

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