Gift Affidavit

Gift Affidavit Template for Singapore

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Key Requirements PROMPT example:

"I need a Gift Affidavit to document the transfer of my vintage car collection to my nephew, to be executed in Singapore by March 2025, with specific provisions for the collection's maintenance and preservation."

Document background

A Gift Affidavit is commonly used in Singapore when there is a need to formally document and provide evidence of a gift transaction. This document is particularly important for high-value gifts, property transfers, or when documentation is required for tax, succession planning, or legal purposes. The affidavit typically includes detailed information about the donor and recipient, a comprehensive description of the gift, and a clear statement of the donor's intention to make the gift voluntarily. It must be sworn before a Commissioner for Oaths to be legally valid under Singapore law.

Suggested Sections

1. Title and Declaration: Identifies the document as a Gift Affidavit and introduces the declarant

2. Declarant Details: Full name, NRIC/passport number, address, and occupation of the person making the gift

3. Gift Description: Detailed description of the gift including value, characteristics, and ownership details

4. Recipient Details: Full name, NRIC/passport number, address of the gift recipient

5. Declaration of Voluntary Transfer: Statement confirming the gift is made voluntarily and without consideration

6. Execution: Signature block, date, and commissioner for oaths attestation

Optional Sections

1. Relationship Statement: Description of relationship between donor and recipient, used when relevant for tax or legal purposes

2. Source of Gift: Statement about origin of gift, used when required for compliance or tax purposes

3. Conditions of Gift: Any conditions attached to the gift, if applicable

4. Tax Implications: Statement regarding tax considerations, used when gift value exceeds certain thresholds

Suggested Schedules

1. Photographs: Visual documentation of gifted items, particularly for valuable or unique items

2. Valuation Reports: Professional valuations for high-value gifts

3. Ownership Documents: Copies of relevant ownership documents for the gifted item

4. Supporting Documents: Any additional documentation proving ownership or authenticity

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Private Banking
Real Estate
Family Offices
Non-Profit

Relevant Teams

Legal
Wealth Management
Tax
Compliance
Trust Administration

Relevant Roles

Private Banker
Estate Planner
Wealth Manager
Tax Advisor
Trust Officer

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Authors

Alex Denne

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