Deed of gift solicitors

Starcity83

https://forums.moneysavingexpert.com/discussion/comment/81974414#Comment_81974414

I’ll look into this thanks. He’s 72 at the moment so should hopefully live for a while yet but always hard to predict the future.

Yorkie1

Just to check - has he updated his will, if desired, since the separation?

Starcity83

https://forums.moneysavingexpert.com/discussion/comment/81975118#Comment_81975118

I don’t think he even has one as he keeps saying he needs to do it

MyRealNameToo

https://forums.moneysavingexpert.com/discussion/6665354/deed-of-gift-solicitors

Deeds in general have to be signed by the parties subject to the deed and their signatures must be witnessed by an independent adult who doesnt benefit from the deed. The reason for the need for a witness is because of the lack of consideration that a contract requires (ie your dad is getting nothing in return).

In some cases for gifts just the donor and witness need to sign and the donee can avoid signing but if there are conditions, like you not selling it within X years or such then its better if both sign and are witnessed to confirm your agreement to the conditions (though this can cause problems if you need the gift to be irrevocable