Do you want to donate money to your child or someone else? It is better to draft a contract for this purpose, especially when dealing with a larger sum of money.
If you are the recipient of the money, it is better to have a written contract. Case law and the law stipulate that if money arrives in your account without explanation, it can be considered unjust enrichment. This means that if the donor changes their mind, they may demand the money back. In the event of a legal dispute, it would then be up to you to prove that it was a gift. How can this be proven if nothing is written down?
It is then more complicated. It may involve witnesses or conversations via social media. However, it is always safer to have a written contract.
The minimum you should ensure is that the message for the recipient, when sending the amount to a bank account, states that it is a GIFT. This can help you in the event of a dispute.
Do you know you will receive a larger sum of money, or do you want to donate money to someone? You should rather have a contract drafted. We will be happy to draft it for you and advise you on everything.
Do I have to visit the lawyer’s office in person? Not if you do not wish to.
We can handle the entire transfer process for you remotely. You write us your requirements, and we will draft all the necessary documents with instructions on how to proceed. By saving both your time and ours, you will also SAVE MONEY.
What is needed to donate money?
- Details of the donor and the donee
- The subject of the gift, i.e., the amount of funds
- Due date of the funds
- Method of transferring the funds
Do I need a lawyer to donate money?
Theoretically, no. However, every type of contract has legally prescribed requirements. It may happen that if it lacks one of these requirements, the contract will be invalid.
AK Matěna helps its clients not only with drafting donation agreements
The law firm of JUDr. Marek Matěna in Olomouc and Ostrava has long been involved in contract law. We can therefore draft not only a DONATION AGREEMENT for you, but also a PURCHASE AGREEMENT, AN EXCHANGE AGREEMENT, or establish an EASEMENT. If you are dealing with a contract review, want to draft a contract, or have another legal problem, do not hesitate to contact us. Our law firm will attend to you immediately and help you with everything.