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GIFT DEED WITHOUT WARRANTY THE STATE OF TEXAS COUNTY OF TARRANT KNO ALL PERSONS BY THESE PRESENTS THAT. The Fort Worth Zoological Association, a Texas nonprofit corporation (Grantor). does hereby.

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How to fill out the gift deed Texas online

Filling out a gift deed in Texas can be a straightforward process if you understand the components involved. This guide will walk you through each step of completing the gift deed form online, ensuring you can successfully execute this legal document.

Follow the steps to complete your gift deed online.

  1. Click 'Get Form' button to obtain the gift deed form and open it in the editor.
  2. Begin by entering the date of execution in the designated field. This is the date on which the deed is being completed.
  3. In the next section, input the Grantor's information. This includes the full name of the organization making the gift, which, in this case, is the Fort Worth Zoological Association, a Texas non-profit corporation.
  4. Following that, provide the Grantee's information. Enter the official name of the entity receiving the gift, which is the City of Fort Worth, a municipal corporation.
  5. Next, describe the property being transferred. In this instance, include details about the constructed improvements at the Fort Worth Zoological Park, namely the Outdoor Learning Theater, as well as any appurtenances associated with it.
  6. Include any specified conditions or exceptions, referring to the City Secretary Certificate No. 40564, as outlined in the document.
  7. Detail any encumbrances affecting the property, ensuring clarity on any existing liens or claims that may be in place.
  8. Conclude by adding a statement indicating that the gift deed is made on an 'as-is' basis without warranty, clarifying that the Grantor is not providing any guarantees about the property.
  9. Finally, have the authorized representative of the Grantor sign the document in the designated space and input their title.
  10. Once the form is fully completed, save the changes. You can then download, print, or share the gift deed as necessary.

Start filling out your gift deed online today.

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General Warranty Gift Deed in Texas The county will charge a filing fee of about $30 to $40. Once the Gift Deed has been signed, notarized, and filed, ownership of the property passes to the new owner. The transfer is the same as any other deed.

Quitclaim deeds, therefore, are commonly used to transfer property within a family, such as from a parent to an adult child, between siblings, or when a property owner gets married and wants to add their spouse to the title. Married couples who own a home together and later divorce also use quitclaim deeds.

Transferring Texas real estate usually involves four steps: Find the most recent deed to the property. ... Create a new deed. ... Sign and notarize the deed. ... File the documents in the county land records.

Texas also has no gift tax, meaning the only gift tax you have to worry about is the federal gift tax. The gift tax exemption for 2022 is $16,000 per year per recipient, increasing to $17,000 in 2023.

In order to gift a house or other real estate to a family member, the current owner of the property will need to sign a Gift Deed to give the property to the family member.

Transfers of real property must be in writing and notarized. Deeds should be recorded in the county where the property is located. To ensure a legal change to the property title, you'll want the services of an attorney. A qualified attorney will prepare and file the real estate transfer deed.

Gift Deeds in Texas As its title indicates, 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 property is a free gift with no strings attached.

Your signed and notarized Warranty Deed needs to be filed in the property records in the county clerk's office of the county in which the property is located. The county clerk will charge a recording fee of about $30 to $40, depending on the county. The fee should be paid by a cashier's check or money order.

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