Gift Deeds are used to transfer ownership of property without receiving anything in exchange for the transfer. It is simply a gift.To execute this transfer, the donor prepares a gift deed that includes details about the property and both parties. Typically, the trustee in a deed of trust is a title company or some other company fit to fulfill trustee duties. A gift deed transfers property as a gift instead of a sale. The gift deed transfers ownership of property as a gift; the person providing the gift, the grantor, expects nothing in return for the transfer. The courts will not look at parol evidence to ascertain whether a deed was a gift or whether there was consideration. To transfer a property title deed in Texas, you will need a properly prepared deed as follows: The deed must be in writing. A gift deed is exactly what it sounds like: giving the gift of property to another person. A Texas deed may come in one of several different forms; it could be a special warranty deed, a general warranty deed, a transfer on death deed, or a gift deed.