It states that a specific piece of property will belong to the assignee and no longer belong to the assignor starting from a specified date.
In order to be valid, a deed of assignment must contain certain types of information and meet a number of requirements.
I examine the assignment of private property rights during the nineteenth and early twentieth centuries to five natural resources on federal lands in the Far West.
Assigning property rights required adaptation from established, eastern practices.
This type of assignment can carry very specific terms and limits that are outlined by the assignor.
For example, an assigner might grant power of attorney of property to an assignee to take control of specific assets.
It is possible that an assignor grants power of attorney to an assignee without restrictions.
This would give the assignee complete decision-making control over the assignor's assets and business holdings without oversight from any other entity.
An assignor will often be an individual who bestows rights to execute their will upon their death.
The assignee would be an executor or other agent given the rights to see to the handling of the decedent’s estate.