Deed Of Gift Legal Meaning and Definition

Here is a simplified definition of the legal term Deed Of Gift.

Deed of Gift (noun): A legal document that voluntarily transfers ownership of an item from one person (the donor) to another (the recipient) without any money or compensation involved. This is often used in situations of gifting personal property, like homes or personal belongings. It becomes legally binding once it's signed, witnessed, and delivered to the recipient.