A Deed of Gift is a legally binding document used to transfer money, property, or valuable assets to another person without payment.
Use this Deed of Gift template to transfer property, money or other assets by way of a gift that takes effect during your lifetime.
This tool does not constitute legal, tax, or financial advice.
The documents generated by this tool are templates designed to assist with record-keeping requirements under. While every effort has been made to ensure accuracy based on current legislation, tax laws can be complex and subject to individual circumstances.
Edale strongly recommends that you have any Deed of Gift reviewed by a qualified solicitor or tax adviser before signing, particularly if the gift involves significant sums or if you are unsure about your specific Inheritance Tax (IHT) liability.
Deed of Gift Generator
Create formal records for lifetime gifts and estate planning.
Use this to generate a formal Deed of Gift to evidence a transfer of value.
In the UK, this is commonly used to record “Potentially Exempt Transfers” (PETs) for Inheritance Tax purposes (the 7-year rule).
THIS DEED is made on
BETWEEN:
1. of (“The Donor“); and
2. of (“The Beneficiary“).
BACKGROUND:
The Donor wishes to make an absolute gift of the assets described in the Schedule to the Beneficiary, with the intent that such assets shall form part of the Beneficiary’s estate and be removed from the Donor’s estate.
OPERATIVE PROVISIONS:
1. Transfer: The Donor hereby transfers, assigns, and releases to the Beneficiary all rights, title, and interest in the sums or assets detailed in the Schedule.
2. Irrevocability: The Donor declares that this transfer is an absolute and irrevocable gift, made without reservation of benefit.
3. Consideration: This transfer is made for natural love and affection and no monetary consideration has been given in return.
IN WITNESS WHEREOF this document has been executed as a Deed.
SIGNED as a DEED by
In the presence of (Witness):
(Signature of Witness)Name: ______________________
Address: ____________________