Gift Agreement in Ukraine: What You Should Know.

The Ministry of Justice explains that in a gift agreement, both ordinary individuals and companies, as well as the government, Crimea, and the local community can participate.

It is prohibited for parents (adoptive parents) and guardians to gift property of their children or wards.

Form and Conditions of the Gift Agreement

The gift agreement can be concluded orally, in writing, or in more complex cases, requires notarization, depending on the specifics of the gift.

It is very important to adhere to the terms of the agreement and fill out all necessary documents that confirm the legality of the agreement and the obligations of the parties.

The conclusion of a gift agreement between spouses and a third party regarding joint property is possible only when determining or allocating a share in kind according to the rules.

In clarifying the terms and forms of the gift agreement, the Ministry of Justice emphasizes potential participants in the agreement, restrictions and requirements that must be fulfilled when concluding the agreement. Adhering to these rules is important to avoid legal problems in the future.

The article states that the gift agreement can be concluded between different parties, including individuals and legal entities, as well as the state or territorial community. It is noted that parents and guardians are prohibited from gifting the property of their children or wards. Emphasis is placed on the importance of adhering to the terms of the agreement and properly documenting to avoid possible problems later.