Deed of Gift

Record and formalise gifts of money or assets to protect yourself and loved ones.

A Deed of Gift is a great way to record your intention to give someone assets or money​ in the form of a gift. It makes it clear that the transfer of assets was intended to be a gift, as opposed to a loan or with any intention that the money or property be held on trust. Our Deed of Gift will formalise any arrangement to gift money or assets and offers a good reference point to return to if disputes or disagreements arise.  A Deed of Gift is particularly effective for recording a transfer of money from parents to children for the purpose of purchasing a family home. 

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Deed of gift quick facts

How it works

 

Purchase the Deed

Pay only $100 for a bespoke Deed you can edit to fit your circumstances.

Purchase the Deed 

 

 

Work through the Deed 

Work through the Deed document. The Agreeable team is available to answer any questions along the way and to ensure your Deed achieves exactly what you require.

 

 

 

Get professional legal advice

Optional: receive professional legal advice on the implications of your Deed. We can arrange a lawyer to advise on the Deed and assist with the drafting if you wish. Our fixed price system ensures no financial surprises!

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1. Purchase the Deed

Purchase a cost-effective Deed of Gift to record and formalise a gift of money or assets.

2. Work through the Deed

Our document creation tool will guide you step-by-step through everything you need to cover. In our experience, it takes fewer than 15 minutes. The staff at Agreeable are only a phone call or email away if any issues or questions arise.

3. Get professional legal advice

Optional: receive professional legal advice on the implications of your Deed if you wish. We can arrange a lawyer for a fixed fee. Enquire now for a fixed fee quote. 

If you have any questions, please email us or call us on 0800 9 AGREE

Who’s using Agreeable?

Neither my ex-partner nor I wanted to go through the process of paying lawyers to create an agreement when we had already decided how to split our assets. The Agreeable process was an easy way to do it ourselves, while still complying with the law and creating a binding agreement.

Cameron and Kate

The clear guide to the process, the flat fee and the fact that we could do the whole process from home convinced me to go ahead with arranging this RPA through your service. I would just like to say that I found the whole process – in particular the website, the form to create/send the draft agreement and the responsiveness to emails from yourself and your team - incredibly slick, efficient and a pleasure to “navigate”. I’m not usually one to give feedback, but I said to myself several times through the process that I must give you all some feedback as the experience was so good, and I would definitely recommend your service to others.

Tom

Juanita and Jodi were in a relationship that was getting serious. They met in 2016 and moved in together in 2017. They were thinking of getting married. Each of them wanted to keep their own assets and income that they were bringing to the relationship separate. They found Agreeable online and bought the relationship property agreement. They drafted it themselves (with help from the online document builder) and then used Agreeable to arrange for independent experts to give each of them advice. Once that had happened, each of them signed the agreement and the lawyers certified it. The agreement enabled them to be confident of how their assets will be dealt with in the event of them separating. All of that happened online and cost them about $1900 in total.

Who’s using Agreeable?

Juanita and Jodi were in a relationship that was getting serious. They met in 2016 and moved in together in 2017. They were thinking of getting married. Each of them wanted to keep their own assets and income that they were bringing to the relationship separate. They found Agreeable online and bought the relationship property agreement. They drafted it themselves (with help from the online document builder) and then used Agreeable to arrange for independent experts to give each of them advice. Once that had happened, each of them signed the agreement and the lawyers certified it. The agreement enabled them to be confident of how their assets will be dealt with in the event of them separating. All of that happened online and cost them about $1900 in total.

Deed of Gift

What is a Deed of Gift?

A Deed of Gift is a legal document that records a person’s intention to give a gift of assets, generally money, between two people: a Donor (the person giving the gift) and Donee (the person recieving the gift).

 

Why do I need a Deed of Gift?

A Deed of Gift is a useful tool for recording a person’s intention to give a gift of money or assets. Many people use Deeds of Gift to to make a record of a gift they have given – such as when family members gift someone a house deposit, or when a person gifts assets to their family trust. A Deed of Gift is also useful in situations where a Donor wishes to cancel or forgive a debt that someone else owes them, such as when they gave money to family without any expectation it would be repaid (for example, a debt owed by their children).

In our experience, a Deed of Gift is an important tool where parents are wanting to help their adult child purchase a home. A Deed of Gift records the transfer of money to the child. A Deed of Gift can be completed before or after the money is actually paid.

It can be important to have a record of the gift from a parent to a child, particularly in circumstances where the home that the child bought later becomes relationship property of them and another person. For instance, Sam’s parents might gift her money to be used as a house deposit. She uses that money to buy a home, which she lives in with her partner, Sophie. The house becomes relationship property of Sam and Sophie. When Sam and Sophie decide to enter in a relationship property agreement – i.e., a prenup – it is easy for Sam to make it clear that she alone is entitled to the amount of the deposit, and to refer to the Deed of Gift to make it clear that the value of the deposit is hers becuase it links back to the Deed of Gift. Sam and Sophie can then refer to the gift and the Deed of Gift in their prenup.

Where parents are helping their adult child purchase a home, we recommend that the child and any spouse/partner get a relationship property agreement to protect the amount that was gifted to the child.

What do I need to keep in mind when getting a Deed of Gift?

It is important to ensure any Deed of Gift accurately sets out who is involved and the amount of money or the thing being gifted.

When you make a gift, you should always be aware of any tax or financial consequences that may follow (for example, it may affect a person’s eligibility for residential care subsidies). We recommend that you seek legal and tax advice before entering into a Deed of Gift. Agreeable would be happy to help connect you with a lawyer who could provide that advice.

 

We look forward to working with you!

If you’re ready to work some magic and start drafting your own Deed of Gift, get started! If you have any questions about how the process works, feel free to give us a call on 0800 9 AGREE.