What is donation inter vivos in the Philippines?
Thereof, what is donation inter vivos?
A donation inter vivos is a contract by which a person, called the donor, gratuitously divests himself, at present and irrevocably, of the thing given in favor of another, called the donee, who accepts it.
Secondly, what is a donation mortis causa? DONATIO MORTIS CAUSA, contracts, legacies. A gift in prospect of death. When a person in sickness, apprehending his dissolution near, delivers, or causes to be delivered to another, the possession of any personal goods, to keep as his own, in case of the donor's decease.
Just so, what is deed of donation in the Philippines?
The inscription at the back of the title to the property of the said Deed of Donation is a notice to other parties not involved in the said deed of the transfer of the property to you by your parents through an instrument called Deed of Donation.
What are the two kinds of donation?
There are two types of donations that can be made to a 501(c)(3). A cash donation is the transfer of funds to a nonprofit. An in-kind donation is the transfer of any other type of asset. In-kind gifts are contributions of goods or services, other than cash grants.