Virginia  |  Real Estate Law

Legal Question

Asked on: 1/13/03, 10:36 am

What is a Deed of Gift

I was told I had to sign a document called a ''Deed Of Gift'' to sign off on inherited property to be sold. I am a disabled Veteran on a fixed income, and the term ''Gift''made me nervous. Would someone please explain the meaning of a Gift Deed, as it applies in the state of Virginia.

Thank you

2 Answers


Answered on: 1/13/03, 6:31 pm by Daniel Press

Re: What is a Deed of Gift

It means what it says - that you are giving it away without any compensation or consideration in return.


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Chung & Press, P.C. 6718 Whittier Ave., Suite 200 Mclean, VA 22101

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Answered on: 1/14/03, 9:13 am by Bruce Marshall

Re: What is a Deed of Gift

A deed of gift is a transfer of a property interest that you own for no consideration, money or otherwise. In other words someone is asking that you give up your interest in real property for free. Not a wise thing to do.


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Durrette, Irvin & Bradshaw, P.L.C. 600 E Main Street, 20th Floor Richmond, VA 23226

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