Deed of Donation - Template, Sample Form to Fill out Pro · PH-law

REPUBLIC OF THE PHILIPPINES )
PROVINCE OF ________ )
CITY OR MUNICIPALITY OF ________ ) S.S.

DEED OF DONATION INTER VIVOS

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Donation Inter Vivos (the "Deed") is made and executed by and between:

________, Filipino, of legal age, ________, with residence and postal address at ________, hereinafter referred to as the "DONOR";

- and -

________, Filipino, of legal age, ________, with residence and postal address at ________, hereinafter referred to as the "DONEE".

WITNESSETH: That -

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§ 2. Subject of the Donation. For and in consideration of the foregoing, the DONOR, by way of Donation Inter Vivos, hereby FREELY, VOLUNTARILY, and IRREVOCABLY GIVES, TRANSFERS, and CONVEYS unto the DONEE the following:

Cash in the sum of ________ Philippine Pesos (₱________).

The said cash donation shall be delivered to, or deposited in, the following account of the DONEE:

Account Name: ________

Account Number: ________

Bank / E-wallet: ________

The above-stated amount shall be delivered immediately upon the execution of this Deed.

§ 3. Reservation for Support. In compliance with Article 750 of the Civil Code of the Philippines, the DONOR hereby declares that he/she has reserved, in full ownership or in usufruct, sufficient means for his/her support and that of all relatives who, at the time of the acceptance of this donation, are by law entitled to be supported by the DONOR.

§ 4. No Intent to Defraud Creditors. The DONOR manifests that this donation is not made with intent to defraud his/her creditors, and that he/she has reserved sufficient funds and property for the payment of all his/her existing debts and obligations, conformably with Article 759 of the Civil Code of the Philippines.

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§ 6. Taxes and Fees. The donor's tax due on this donation, pursuant to the National Internal Revenue Code of 1997, as amended, together with documentary stamp taxes, notarial fees, and all other charges incidental to this Deed, shall be for the account of ________, unless the parties otherwise agree in writing.

§ 7. Binding Effect. This Deed shall be binding upon, and inure to the benefit of, the parties and their respective heirs, executors, administrators, successors, and assigns.

§ 8. Governing Law. This Deed shall be governed by and construed in accordance with the laws of the Republic of the Philippines.

IN WITNESS WHEREOF, the parties have hereunto set their hands this ________ day of ________, ________, at ________, Philippines.

________
DONOR

________
DONEE

SIGNED IN THE PRESENCE OF:

________

________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )
CITY OR MUNICIPALITY OF ________ ) S.S.

BEFORE ME, a Notary Public for and in the above jurisdiction, this ________ day of ________, 20________, at ________, personally appeared the following persons:

________, who exhibited to me their competent evidence of identity in the form of Driver's License No. ________, valid until ________; and

________, who exhibited to me their competent evidence of identity in the form of Driver's License No. ________, valid until ________;

all known to me and to me known to be the same persons who executed the foregoing Deed of Donation Inter Vivos, consisting of ________ pages, including this page on which the acknowledgment is written, and who acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and at the place first above written.

________
NOTARY PUBLIC

Doc. No.: ________;
Page No.: ________;
Book No.: ________;
Series of ________.