Virgin v. Gaither

Citations

• 42 Ill. 39

Syllabus

<p>1. Gift—'when valid. A party may make a gift of Ms property, in anticipation of danger or death, if it is not in fraud of creditors.</p> <p>2. The mere existence of creditors of the donor will not avoid the gift, if they can he paid from other assets. A man may dispose by gift of the hulk of Ms property to a child, provided he retains enough to satisfy all subsisting claims against him,.</p>