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What is a deed of gift
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It's a document transferring property without monetary compensation. Also called gift deed.
A Deed of Gift document can be used, for example, to transfer assets from one spouse to another, e.g.
�I gift half of [�.] to my spouse in order to formally recognise that they have contributed to the home in other than monetary terms.�
Where no money changes hands, a deed of gift is an economical way of effecting the transfer. Indeed, if the home is currently in one name only, then whoever owns it should make a gift of half of it to the other spouse. If you are using a deed of gift you will also need a tenancy-in-common declaration to show how the property is now split.
Yes I can use google.
A Deed of Gift document can be used, for example, to transfer assets from one spouse to another, e.g.
�I gift half of [�.] to my spouse in order to formally recognise that they have contributed to the home in other than monetary terms.�
Where no money changes hands, a deed of gift is an economical way of effecting the transfer. Indeed, if the home is currently in one name only, then whoever owns it should make a gift of half of it to the other spouse. If you are using a deed of gift you will also need a tenancy-in-common declaration to show how the property is now split.
Yes I can use google.
Only 1 answer
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