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Deed Of Gift Agreement
"I need a Deed of Gift Agreement to transfer my collection of antique Chinese porcelain vases to my daughter, with the condition that they must remain within our family for at least two generations and cannot be sold commercially."
1. Parties: Identifies and defines the Donor and Donee with their full legal names and addresses
2. Background: Sets out the context of the gift, relationship between parties, and donor's intention to make the gift
3. Definitions: Defines key terms used throughout the deed
4. Gift: Clearly describes the gift being transferred and confirms the donor's absolute and unconditional transfer of ownership
5. Delivery and Transfer: Specifies when and how the gift will be delivered or transferred to the donee
6. Donor's Warranties: Warranties regarding ownership, right to transfer, and absence of encumbrances on the gift
7. Acknowledgment: Donee's acknowledgment of receipt and acceptance of the gift
8. Governing Law: Specifies Hong Kong law as the governing law of the deed
9. Execution: Formal execution block meeting Hong Kong deed requirements
1. Conditions: Used when the gift is subject to specific conditions or restrictions
2. Tax Implications: Include when there are specific tax considerations or obligations that need to be acknowledged
3. Maintenance and Costs: Required when ongoing maintenance or costs associated with the gift need to be addressed
4. Reservation of Rights: Include when the donor wishes to retain certain rights over the gifted property
5. Third Party Rights: Used when third parties may have rights or interests affected by the gift
6. Reverter Clause: Include when there are circumstances under which the gift should revert to the donor
7. Severability: Optional clause stating that if any provision is found invalid, the rest remains enforceable
1. Schedule 1 - Description of the Gift: Detailed description of the gift including any identifying features, serial numbers, or specifications
2. Schedule 2 - Conditions of Gift: If applicable, detailed listing of any conditions attached to the gift
3. Schedule 3 - Existing Encumbrances: If relevant, list of any existing encumbrances, liens, or restrictions on the gift
4. Appendix A - Supporting Documents: Copies of relevant ownership documents, certificates, or other supporting documentation
5. Appendix B - Valuation Report: If applicable, professional valuation of the gift for tax or other purposes
Authors
Legal Services
Wealth Management
Private Banking
Charitable Organizations
Family Offices
Corporate Services
Real Estate
Art and Collectibles
Education
Healthcare
Legal
Compliance
Wealth Management
Corporate Secretarial
Risk Management
Tax Advisory
Trust Administration
Property Management
Corporate Governance
Private Client Services
Legal Counsel
Private Wealth Manager
Estate Planning Advisor
Company Secretary
Compliance Officer
Trust Administrator
Property Manager
Philanthropic Advisor
Corporate Governance Specialist
Risk Manager
Tax Advisor
Family Office Manager
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