Gift Deed WHAT IS GIFT DEED A Gift Deed is a legally binding document that is used when one person wants to transfer a gift to another person without the exchange of money. The person who is giving the gift(owner) is called a donor and the person who is receiving the gift(receiver) is called as donee. What are the benefits of a Gift Deed? A Gift Deed records the transfer of property to the donee. The complete details of the property and the details of the parties to the transaction make this document a legal proof to the title of the property. A Gift Deed is of evidentiary value before the Courts in event of any future disputes that may arise. A Gift Deed serves as legal protection to the parties in event of any disputes that may arise in the future. The written agreement makes the entire transaction smoother for the parties and without a glitch. What are the essential elements of a Gift? A transfer which is defined as c...