District of Columbia Declaration of Gift with Signed Acceptance by Donee

Category:
State:
Multi-State
Control #:
US-13366BG
Format:
Word; 
Rich Text
Instant download

Description

A gift involves transferring title by voluntary action of the owner without receiving anything in exchange.

How to fill out Declaration Of Gift With Signed Acceptance By Donee?

Selecting the optimal legal document template can be a challenge. Naturally, there are numerous templates accessible online, but how can you find the legal form you require? Utilize the US Legal Forms platform. This service provides thousands of templates, including the District of Columbia Declaration of Gift with Signed Acceptance by Donee, suitable for both business and personal needs. All forms are vetted by professionals and comply with state and federal regulations.

If you are already registered, Log In to your account and click on the Acquire button to obtain the District of Columbia Declaration of Gift with Signed Acceptance by Donee. Use your account to browse the legal forms you have previously bought. Visit the My documents section of your account to download another copy of the document you require.

If you are a new user of US Legal Forms, here are some simple guidelines you should follow: First, ensure that you have selected the correct form for your city/region. You can review the document using the Review button and check the form description to confirm that it is the right one for you.

US Legal Forms is the largest repository of legal forms where you can find various document templates. Leverage this service to obtain properly crafted documents that adhere to state requirements.

  1. If the form does not meet your requirements, utilize the Search field to find the appropriate form.
  2. Once you are assured that the document is suitable, click on the Purchase now button to obtain the form.
  3. Select the pricing plan you wish to use and provide the necessary information.
  4. Create your account and place your order using your PayPal account or credit card.
  5. Choose the format and download the legal document template to your device.
  6. Complete, modify, print, and sign the downloaded District of Columbia Declaration of Gift with Signed Acceptance by Donee.

Form popularity

FAQ

It is not a legally required document for the exchange of a gift, but rather is used to protect the interests of both parties when a Donor decides to gift something high in value to a Donee.

Remember that once a gift deed has been executed in favour of a recipient you'll have no legal right to cancel or revoke the deed unless there is a specific clause stated within the deed itself.

Acceptance of a gift by the donee can be done anytime during the lifetime of the donor. . Section 123 provides that for a gift of immovable property to be valid, the transfer must be effectuated by means of a registered instrument bearing the signature of the donor and attested by at least two witnesses."

According to The Transfer of Property Act, 1882, acceptance of gift must be made by the donee during the lifetime of the donor and while the donor is still capable of giving the gift. If the donee dies before accepting the gift, then it is void.

Registration of Gift DeedThe donor and donee should sign on all pages of the gift deed and must be attested by at least two witnesses. The donee must accept the gift in the lifetime of the donor and when the donor is of sound mind for it to be valid.

A donee may also be a person who is unable to express acceptance. A gift can be made to a child and could be accepted on the child's behalf. The donee must be an ascertainable person. A gift involves the process of giving and taking which are two simultaneous and reciprocal acts.

According to The Transfer of Property Act, 1882, acceptance of gift must be made by the donee during the lifetime of the donor and while the donor is still capable of giving the gift. If the donee dies before accepting the gift, then it is void.

Section 122 of Transfer of Property Act defines a gift as the transfer of an existing moveable or immovable property. Such transfers must be made voluntarily and without consideration. The transferor is known as the donor and the transferee is called the donee. The gift must be accepted by the donee.

The gift deed can be questioned by filing a suit for declaration in the court of law. However, it will be challenged only if the person is able to establish that the execution of the deed was not as per the wish of the donor and was executed under fraud, coercion,misrepresentation etc.

Notorised gift deed not valid, it has to be register at sub registrar office and stamp duty payable. 3%. Notarized gift deed does not hold any value in the eyes of law and cannot be enforced. Registration of gift deed after payment of requisite stamp duty is mandatory as per law.

Trusted and secure by over 3 million people of the world’s leading companies

District of Columbia Declaration of Gift with Signed Acceptance by Donee