Tennessee Gift Deed
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FAQ
In Tennessee, there is no state gift tax. Gifts of real property in Tennessee are, however, subject to the federal gift tax, which the grantor is responsible for paying; however, if the grantor does not pay the gift tax, the grantee will be held liable [1].
Fee Schedule Most Documents** (see exceptions below) :Warranty Deeds, Trust Deeds, Quit-Claim Deeds, Power of Attorney and othersUp to 2 pages$12.00Additional pages?each$5.00Assignments?1 instrument number, up to 2 pages$12.0028 more rows
Joint Ownership & Rights of Survivorship Unfortunately, Tennessee does not allow transfer-on-death deeds, a popular tool used to efficiently distribute real property in other states.
If you're considering transferring real estate in Tennessee, a Quitclaim Deed is an effective option. A Quitclaim Deed is a legal document that transfers ownership of a piece of property from one person to another. It's a simple, straightforward process that can be completed quickly and easily.
How to Transfer a Real Estate Title Write and Review the Deed. The next step is drafting the deed. ... Signing the Deed. Once all parties agree to the contents of the deed, you can move on to signing. ... Register the Deed. The final step is filing the deed with the county records office.
How do I add (or remove) someone from my deed? To add, change, or remove a name on a property you will need to have a new document prepared and have it recorded in our office. A Quit Claim Deed or Warranty Deed will need to be completed. This document will replace your previous deed.
