Answers.com > Wiki Answers > Categories > Law & Legal Issues > Property Law > How can gift deed be cancelled?

How can gift deed be cancelled?

Answer:

A gift deed transfers the ownership of real property to a new owner for no consideration. The former owner no longer has any authority over the property. It has a new owner. The deed cannot be "cancelled" by the former owner.
A gift deed can be nullified by a court order for several reasons that include the following:

undue influence
fraud or forgery
conveyance to avoid creditors
alterations in deed after execution

First answer by Kluss. Last edit by Kluss. Contributor trust: 692 [recommend contributor ]. Question popularity: 2 [recommend question].

[report abuse]

Can you answer these Property Law questions?

	What was Tecumseh's reply to the Treaty of Greenville?	Answer it!
	What kind of people can be pro and con for speedboat uses on lakes?	Answer it!
	What is tampering?	Answer it!
	What happens if you decide to sell your property when the property has a Allodial title?	Answer it!
	What did the Treaty of Greenville end?	Answer it!

Relevant answers:

Can you Gift Deed to your wife?
Happens on a regular basis. Generally not legal if done to evade taxes or avoid creditors who already have claims.
Can a registered gift deed be revoked?
Gift deeds can have different legal effects in different jurisdictions. You need to specify your jurisdiction and perhaps consult an attorney who is familiar with the laws in your jurisdiction....
Is a Gift Deed or a Deed of Gift an instrument used to convey property from a father to his son?
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...
What is the priority between a deed of gift and a devise in a will?
If the owner conveyed the property by a deed while living the property is gone from their estate at the time of their death and cannot pass by their will. The deed would take precedence.
Can a deed of gift of land be revoked?
Generally a deed cannot be revoked. The most common gift deeds are those that transfer title to real property to a relative for no consideration or in many cases for "love and affection". Some...