A Deed of Assignment form allows one party to transfer ownership of something they own, such as a house or endowment policy, to someone else. For use in the UK.
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|Deed of Assignment (Policy), Word .doc||£11.75 inc VAT||Buy Now|
|Deed of Assignment (Policy), Word .dot||£17.63 inc VAT||Buy Now|
A Deed of Assignment allows one party (the assignor) to transfer ownership of something they own, such as a house or endowment policy, to someone else (the assignee). In some cases the assignee pays the assignor in return for the transfer of title.
In this section we offer a Deed of Assignment template suitable for transferring ownership of property (such as a house, painting, boat etc.) and one for the transfer of a life or endowment policy.
Deed of Assignment Property: this allows one party to transfer all right, title and interest in specified property to which he or she is legally entitled, to another party, either as a gift or in return for a specified money amount (consideration).
Deed of Assignment of Endowment or Life Policy: this allows one or more people to transfer their rights in a specific policy (such as an endowment or life assurance policy) to another person or persons either a gift, in return for payment, or as part of a settlement on divorce or separation.The assignment of a policy for money or money's worth may lead to liability for income tax as could the assignment of a policy as part of the rearrangement of assets between parties on separation or divorce. Taxation of life and endowment policies is complex and you should consult a professional adviser if you have any questions.
These Deed of Assignment documents are suitable for use in the UK - England, Scotland and Wales. The template includes clauses that allow you to specify:
These template documents are available individually or as part of a Full Annual Subscription (£199 own use) - giving you access to wide range of documents, packages and forms for a single annual fee.
If you are a tenant and want a deed of assignment for a tenancy, please visit: Deed of Assignment (Tenancy) - a Deed of Assignment for an Assured Shorthold Tenancy.