GIFTED DEPOSIT MADE EASY WITH A DEED OF GIFT
If you’ve been fortunate enough to receive a generous gift of money or property from a family member, it’s important to ensure that the transfer is properly documented and legally binding. This is where a Deed of Gift comes into play. A Deed of Gift is a formal legal document that enables the transfer of property or money without any payment or consideration in return.
Typically, Deeds of Gift are commonly used among family members, where the transfer is made out of love and affection. It provides a clear and transparent record of the gift, ensuring both parties understand the terms and conditions associated with the transfer.
To execute a Deed of Gift, it must be drafted as a formal deed and witnessed by disinterested parties. The witnesses should have no personal interest or stake in the transfer, ensuring the integrity of the document.
To proceed with a Deed of Gift, you will need a signed Deed of Gift from the donor (such as your parents). Our team will prepare the Deed of Gift on your behalf within 24 hours, ensuring a prompt and efficient process.
Additionally, we require the following identification documents from the donors:
- Passport or driver’s license
- Proof of address, such as a copy of a bank statement or utility bill
To confirm the source of funds (where the gift originated from), we may request:
- 3-6 months’ copy of bank statements
- Trust or stock shares statement
- Copy of the will (if the gift is an inheritance)
By properly documenting the gifted deposit through a Deed of Gift, you can provide peace of mind and legal protection for both the giver and the recipient. Our experienced team is here to assist you throughout the process, ensuring a seamless and secure transfer. Please contact us below to get started on preparing your Deed of Gift.
