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Wednesday, February 5, 2014

What are the formalities required in donations propter nuptias?

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1. PRESENT PROPERTY - 

A. PERSONAL PROPERTY - If what is donated is a personal property the value of which exceeds P5,000.00, the donation and acceptance must both be in writing; otherwise, the donation is void.

B. REAL PROPERTY - If what is donated is a real property, the donation and acceptance must both be in public instrument; otherwise, the donation is void.


2. FUTURE PROPERTY - If what is donated is a future property, the donation must be in the form of wills. 


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