Property Ownership (alternative)
In Maryland, a 'deed of gift' conveying property to a family member for no consideration:
ADoes not need to be recorded
BIs a valid conveyance but may have gift tax implications and requires proper deed preparation and recording✓ Correct
CIs exempt from all recording requirements
DAutomatically creates a life estate for the grantor
Explanation
A deed of gift is a valid property transfer but may have federal gift tax consequences if the value exceeds the annual exclusion amount. It must be properly prepared and recorded like any other deed.
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