A Gift Deed, also known as a Deed of Gift, is a legal document that is used to transfer ownership of property or assets from one person to another as a gift. The gift can be of any type of property, including real estate, personal property, or financial assets.
A Gift Deed typically specifies the details of the gift, including the date of transfer, the names of the donor (giver) and the recipient, a description of the property being gifted, and any conditions or restrictions associated with the gift. The Gift Deed must be signed by the donor and, in some cases, witnessed by one or more individuals.
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