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Gift Deed- Money

{For purpose of gift of money by one person to another}

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A person can also gift movable properties like cash, jewels, ornaments, securities etc. Though registration of gift deed is mandatory in case of immovable property, it is optional in case of gift of a movable property. However, it is recommended that the gift of any movable property be made by way of a written gift deed, signed by the donor and attested by two witnesses.

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Essentials of a valid Gift Deed

  • property to be gifted must be tangible
  • gift must be of an existing thing and not a future property
  • gift must be transferable and owned by donor
  • executed by the person out of free consent
  • no consideration involved
  • donor must be above 18 years of age and of sound mind
  • gift must be accepted during life time of donor

Note :-

  • Draft template will be provided in soft copy
  • Extra charges will apply for customized document