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Irrevocable Inter Vivos Deed Of Gift

Irrevocable Inter Vivos Deed Of Gift Template for Philippines

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Key Requirements PROMPT example:

Irrevocable Inter Vivos Deed Of Gift

"I need an Irrevocable Inter Vivos Deed of Gift to transfer my family farm in Batangas to my eldest daughter, with the condition that she maintains it as agricultural land for at least 10 years and provides employment opportunities to local farmers."

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Document background
The Irrevocable Inter Vivos Deed of Gift is a crucial legal instrument in Philippine property transfer law, commonly used for estate planning, family wealth distribution, and charitable giving. It is particularly relevant when individuals wish to transfer property ownership during their lifetime while minimizing future disputes and tax implications. The document must conform to the requirements of the Civil Code of the Philippines, particularly Articles 725-783, and needs to address donor's tax obligations under the National Internal Revenue Code. It's especially useful in family arrangements, charitable donations, and estate planning scenarios where immediate transfer of ownership is desired. The deed must include clear property descriptions, explicit acceptance by the donee, and proper notarization to be legally effective.
Suggested Sections

1. Parties: Identifies the donor and donee with their complete legal names, civil status, addresses, and capacities

2. Background: States the donor's ownership of the property and intention to make an irrevocable gift

3. Definitions: Defines key terms used in the deed including the Property, Effective Date, and other relevant terms

4. Subject Matter of Donation: Detailed description of the property being donated

5. Declaration of Donation: Express statement of donation and its irrevocable nature

6. Acceptance: Explicit acceptance of the donation by the donee

7. Warranties of the Donor: Donor's warranties regarding ownership, authority to donate, and absence of liens/encumbrances

8. Transfer of Rights: Details of the complete transfer of rights, title, and interests to the donee

9. Taxes and Expenses: Allocation of responsibility for donor's tax, transfer taxes, and other expenses

10. Effectivity: Statement on when the donation takes effect

11. Execution: Formal execution clause and signature blocks

Optional Sections

1. Conditions: Used when the donation is subject to specific conditions that the donee must fulfill

2. Spouse's Consent: Required when the donor is married and the property is conjugal or community property

3. Reserved Rights: Used when the donor retains certain rights over the property during their lifetime

4. Property Management: Included when there are specific instructions for managing the donated property

5. Governing Law and Jurisdiction: While Philippines law applies, this section may be included to specify venue for disputes

6. Severability: Optional clause stating that invalidity of any provision doesn't affect the rest of the deed

Suggested Schedules

1. Schedule A - Property Description: Detailed technical description of the donated property, especially for real estate

2. Schedule B - Property Documents: List of relevant property documents being transferred (titles, certificates, etc.)

3. Appendix 1 - Property Valuation: Independent valuation of the property for tax purposes

4. Appendix 2 - Tax Certificates: Copies of relevant tax clearances and certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















Clauses
















Relevant Industries

Real Estate

Banking and Finance

Private Wealth Management

Family Business

Non-Profit Organizations

Education

Healthcare

Agriculture

Religious Organizations

Relevant Teams

Legal

Tax Advisory

Wealth Management

Property Administration

Estate Planning

Corporate Secretarial

Compliance

Private Client Services

Relevant Roles

Estate Planning Attorney

Real Estate Lawyer

Tax Consultant

Wealth Manager

Property Manager

Legal Counsel

Notary Public

Trust Officer

Family Office Manager

Philanthropy Advisor

Corporate Secretary

Compliance Officer

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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