A Virginia Gift Deed is required when transferring a gift of property or real estate from one person or party to another, where no payment is expected in exchange for the property. The gift deed will need to contain clear and explicit language regarding the transfer, and any unclear language can run the risk of being contested in court. As part of the gift deed, a full description of the property will be required, including a chain of title and any outstanding restrictions. Depending on the jurisdiction where the property is located, a cover page may be needed for recording purposes. All documentation for the gift deed can then be submitted to the local Recorder's office.
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