That depends on the circumstances and whether the court is provided with compelling evidence that the deed was executed under some sort of duress or fraud. The judge will review the case by hearing testimony, examining evidence and reviewing any controlling law and will issue a decision as to the validity of the deed.
A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.
A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.
Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.
gift deed
An 'Indian giver' is the American slang expression for someone who asks you to return a present he has given you. You might say 'A present is a present, and trying to get it back is stealing'. There's also a nursery rhyme: Given gifts - no return, Found or stolen - must return. But in other words - it's just a cheap giver!
The giver is responsible for paying the gift tax.
No. Only donations to qualified charities are deductible, within limits. The threshold your addressing is that certain gifts to family and such, below 13K per person (in 2009, 12k per person in 2008), aren't TAXABLE (under gift tax laws) to the giver.
Yes, if the gift exceeds the gift-giver's annual exemption of $15,000 per recipient, the gift giver must pay the gift tax.
The Christmas gift giver in Venezuela is called Santa Clós (Santa Claus)
The giver is responsible for paying gift tax, not the receiver.
There is no hard and fast rule, but generally it is considered polite to offer to return a gift if the giver later expresses a change of heart or indicates that they want it back. Ultimately, the decision to return a gift should consider the relationship between the giver and recipient and the circumstances surrounding the gift.
Since no one lives in Antartica, the gift giver would not need to visit there.