A valid Gift Deed entails the followings conditions: –
- Gift must be accepted during the lifetime of the donor.
- Gift must be for the existing property; Gift in regard to future property is void.
- Gift to two or more donees that one does not accept shall become void.
- Gift has to be accepted with burdens or obligations imposed if any.
- If the Gift consisting of the donor’s whole property, the donee is personally liable to pay all debts due by the donor at the time of acceptance.