ESTATE PLANNING: Deed of Gift

ESTATE PLANNING: Deed of Gift  

 

 What is a Deed of Gift?

The Deed of Gift documents a significant gift to another person during one’s lifetime.

When a Deed of Gift is prepared and notarized by Notaries in Sooke, it proves the donor’s intention for the gift; which can be required to counter “undue influence” or arguments after the Adult’s (donor) death.

The Deed of Gift can be useful in circumstances where a person near death wants to transfer his or her assets or home into a joint tenancy or wants to give a significant sum of money or gift to another person prior to death.

Who should consider a Deed of Gift? Anyone who wants to transfer an asset, as a gift, before his or her death.

 

 

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