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Irrevocable Deed Of Gift

Irrevocable Deed Of Gift Template for Malaysia

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Key Requirements PROMPT example:

Irrevocable Deed Of Gift

"I need an Irrevocable Deed of Gift to transfer my residential property located at Jalan Ampang, Kuala Lumpur to my eldest daughter, with the transfer to be completed by March 2025, ensuring compliance with both Malaysian civil law and Shariah law requirements as we are Muslim."

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Document background
An Irrevocable Deed of Gift is a crucial legal instrument in Malaysian property and asset transfer law, used when a party (donor) wishes to permanently transfer ownership of property or assets to another party (donee) without receiving any consideration in return. This document is particularly relevant in family wealth planning, charitable donations, and institutional endowments. The deed must comply with Malaysian legal requirements, including the National Land Code 1965 for real property transfers, and where applicable, Shariah law principles for Muslim parties. The document's irrevocable nature means that once executed, the donor cannot revoke or alter the gift, making it a powerful tool for permanent asset transfer. The deed must include comprehensive details about the property, clear statements of transfer intention, and proper attestation to ensure legal validity within Malaysia's jurisdiction.
Suggested Sections

1. Parties: Identification of the Donor and Donee with full legal names, identification numbers, and addresses

2. Background: Context of the gift, relationship between parties, and donor's ownership of the property

3. Definitions: Definitions of key terms used throughout the deed

4. Gift Declaration: Clear statement of the donor's intention to make an absolute and irrevocable gift of the property

5. Description of Gift: Brief description of the property being gifted (with detailed description in Schedule)

6. Delivery and Transfer: Terms of how and when the property will be transferred to the donee

7. Donor's Warranties: Donor's declarations regarding ownership, right to transfer, and freedom from encumbrances

8. Irrevocability Clause: Express statement that the gift is irrevocable and binding

9. Costs and Stamp Duty: Provisions regarding who bears the costs of transfer and stamp duty

10. Governing Law: Specification that the deed is governed by Malaysian law

11. Execution: Signing and witnessing requirements

Optional Sections

1. Shariah Compliance Declaration: Required only if the donor is Muslim, confirming the gift complies with Shariah principles

2. Conditions of Gift: Include only if there are specific conditions attached to the gift (noting these must not negate the irrevocable nature)

3. Power of Attorney: Include if the deed is being executed through an attorney

4. Acceptance by Donee: While acceptance is presumed, some prefer explicit acceptance clause

5. Tax Declarations: Include if there are specific tax implications that need to be acknowledged

6. Survival Clause: Include if certain provisions need to survive the transfer of the gift

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the gifted property, including title details for real property or specific descriptions for other assets

2. Schedule 2 - Encumbrances: List of any existing encumbrances, charges, or restrictions on the property (if any)

3. Schedule 3 - Special Conditions: Any special conditions or requirements related to the gift (if applicable)

4. Appendix A - Required Documents: List of documents required for transfer of the property

5. Appendix B - Property Valuation: Independent valuation of the property (if required)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Private Wealth Management

Family Office

Legal Services

Islamic Finance

Non-Profit/Charitable Organizations

Education (for endowments)

Healthcare (for medical gifts/endowments)

Religious Institutions

Asset Management

Relevant Teams

Legal

Compliance

Property Management

Wealth Management

Asset Administration

Risk Management

Document Management

Advisory Services

Corporate Secretarial

Islamic Finance

Relevant Roles

Legal Counsel

Property Lawyer

Shariah Advisor

Estate Planning Attorney

Wealth Manager

Property Manager

Land Registry Officer

Compliance Officer

Trust Officer

Property Rights Specialist

Conveyancing Lawyer

Family Law Specialist

Philanthropic Advisory Consultant

Asset Manager

Legal Document Specialist

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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