Document background
The Irrevocable Deed of Gift is a crucial legal instrument in Philippine property law used to formalize the gratuitous transfer of property between parties. It is commonly used in estate planning, charitable donations, and family property transfers. The document must strictly comply with the requirements set forth in the Civil Code of the Philippines, particularly Articles 725-783, which govern donations. It's essential when parties want to make a permanent, unconditional transfer of property without any monetary consideration. The deed must be notarized and, for real property, registered with the Registry of Deeds. It's particularly important to note that once executed, the transfer cannot be revoked except under very limited circumstances specified by law, making it a powerful tool for definitive property transfers.
