asset transfer

Asset transfer refers to the process of moving ownership of an asset, such as money, property, or investments, from one person or entity to another. This can occur through various means, including sales, gifts, or inheritance. When an asset is transferred, the original owner relinquishes their rights to the asset, while the new owner gains those rights. Asset transfers are often subject to legal regulations, taxes, or fees, depending on the nature and value of the asset, as well as the relationship between the parties involved.