22/06/2026
12 IMPORTANT FACTS YOU SHOULD KNOW ABOUT A DEED OF GIFT. 👇
1. A Deed of Gift transfers ownership without payment: The recipient is not required to pay money or provide consideration for the property.
2. It must be in writing: A valid Deed of Gift relating to land or property should be properly drafted and executed in writing.
3. It takes effect immediately: Unlike a Will, a Deed of Gift becomes effective once it is validly executed and delivered.
4. The Donor must own the property: A person cannot legally give out a property he or she does not own.
5. The transfer is generally irrevocable: Once properly executed and accepted, the Donor cannot ordinarily take the property back except where there is fruãɗ.
6. Acceptance by the Donee is important: The person receiving the gift must accept it for the transfer to be complete.
7. It can be used to transfer land, houses, and other assets: A Deed of Gift is not limited to land alone; it can apply to various forms of properties.
8. Registration may be required: Where land is involved, the Deed may need to be registered at the appropriate Land Registry.
9. It helps avoid dispūtes after the Donor's ɗêath: A properly prepared Deed of Gift clearly shows the intention of the Donor and can reduce family conflīcts.
10. It must be prepared by a Lawyer: Deed of Gift is not something you get in the Court or buy in the market.
11. Mere verbal promise is not enough: For a person to benefit from the Gift, it is important to draft a Deed of Gift by a Lawyer. Without it the property still belongs to the legal owner.
12. Professional legal guidance is advisable:
Deed of Gift is a legal instrument and for that fact, it is very important to involve a lawyer.
In addition to the above, it is advisable to draft a Deed of Gift promptly because without the Deed of Gift, there is no Valid evidence to prove ownership of the property.
All the best ❤️.
Emmanuella Ojialor
