deed of grant
A notary or PPAT deed recording the giving of assets to a grant recipient.
What it means
A deed of grant is an official document that records the voluntary giving of assets from a grantor to a grant recipient. This deed is made by an authorized official, generally a notary or a land deed official for land objects. Its contents include the identities of the parties, the object of the grant, and a statement of handover.
Why it matters for families
A deed of grant makes the giving of assets legally recorded and reduces the risk of disputes among heirs. Without a deed, a grant may be considered not to have taken place or may be challenged by other parties. Families need to understand that a grant differs from inheritance because it is made while the grantor is still alive.
Example
For example, a father wants to give a parcel of land to his child while he is still alive. He makes a deed of grant before an authorized official so that the land clearly belongs to the child. After that, the name transfer is carried out based on that deed.
Common misunderstanding
Many people think a grant only needs a family agreement. In fact, for land and buildings, a grant requires an official deed so it can be recorded and is legally valid.