GIFT DEED FORMAT IN WORD

GIFT DEED FORMAT IN WORD

GIFT DEED

This deed of gift made this ______ Day of __________(month) ____________ (year) between;

  Mr. __________________, Age ____years,        Resident of _____________________        (Hereinafter called the “Donor”) of the One part

And,

Mr/Miss ___________________, Age ____ years,          Resident of __________________         (Hereinafter called the “Donee”) of the other part.

Witnesseth as follows:

1. In consideration of natural love and affection being son/daughter of Donor, the donor hereby assigns unto the donee sum of Rs._____________ (amount) and to have and to hold the same unto the donee absolutely.
2. Now, therefore, in consideration of the premises and the mutual covenants contained herein, the Donor hereby grants, transfers, and assigns to the Donee the sum of Rs._____________ (amount), free from all encumbrances, liens, and claims whatsoever, with effect from [date].
3. The Donee hereby accepts the said sum of Rs._____________ (amount) as a gift and acknowledges the receipt thereof from the Donor.
4. The Donee further declares that the said amount shall be utilized at his sole discretion and for his personal purposes.
5. The possession of the Rs._____________(amount) vide cheque No. ________Drawn on _____________________ , _____________ Branch dated _/_/__ hereinabove donated unto the donee and has been physically handed over to the donee as absolute owner before execution of this Gift Deed.
6. The donor from this date reserves no right or interest on the said sum hereby gifted which shall from this day be the sole and exclusive property of the donee.
7.  The amount hereby gifted is the donor’s self-acquired savings accumulated out of income earned and has full right and authority to dispose off it any manner he may think fit.
8. This Deed of Gift shall be subject to the laws of [Country/State].

IN WITNESS WHEREOF, the parties hereto have executed this Deed of Gift on the day and year first above written.

Signed, Sealed, and Delivered by the Donor

[Signature of Donor]

In the presence of:

Witness: ______________________________

[Signature of Witness]

Name:

Address:

Witness: ______________________________

[Signature of Witness]

Name:

Address:

Accepted and Acknowledged by the Donee

[Signature of Donee]

In the presence of:

Witness: ______________________________

[Signature of Witness]

Name:

Address:

Witness: ______________________________

[Signature of Witness]

Name:

Address:

Gift deed format in word file.