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Gift Deed

Gift Deed. 

A deed which is given to another with no consideration other than love or affection. 

For instance, John gives a property by deed to his niece upon graduation from college.  This gift is contingent upon no circumstances.  This would be a gift deed.  In some cases, an owner, facing bankruptcy, will deed the property to a spouse in order to remove the property from creditor's reach.  In this case, the deed would more than likely be questioned and refused as a gift deed.

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