A valid Gift Deed entails the followings conditions: -
Gift must be accepted during the lifetime of the donor.
Gift must be for the existing property; Gift in regard to future property is void.
Gift to two or more donees that one does not accept shall become void.
Gift has to be accepted with burdens or obligations imposed if any.
If the Gift consisting of the donor's whole property, the donee is personally liable to pay all debts due by the donor at the time of acceptance.