An inter vivos transfer refers to the transfer of property ownership made during the lifetime of the grantor, rather than as part of an inheritance after death. In Jamaica and globally, this type of transfer is often used to pass on assets to heirs or beneficiaries, reduce estate taxes, or manage property for personal or financial reasons while the original owner is still alive. The process typically involves legal documentation, such as a deed of gift or sale, which must be properly executed and recorded to ensure the transfer is legally binding. This method of transferring property can offer advantages like avoiding probate and ensuring the grantor’s wishes are fulfilled in real-time. However, it also requires careful consideration of the tax implications, potential loss of control over the property, and the need to comply with local laws and regulations to avoid future disputes.
