Gift Affidavit Form
About this form
The Gift Affidavit Form is a legal document used to declare a transfer of property or funds as a gift. This form serves to confirm that the transfer is voluntary and made without expectation of receiving anything in return. Unlike other transfer forms, this affidavit is specifically intended for declaring gifts while ensuring that both the giver and the recipient acknowledge the nature of the transaction under oath.
Form components explained
- Identification of the city, county, state, and ZIP code.
- Declaration by the transferor stating they have received nothing in exchange for the gift.
- Details of the property or funds being transferred as a gift.
- Signature of the transferor to affirm the affidavit.
Situations where this form applies
This form is useful when an individual wishes to formally gift property or funds to another person without any expectation of return. It is particularly relevant during estate planning, tax considerations, or when documenting gifts for family members, friends, or charitable organizations.
Intended users of this form
- Individuals transferring property or funds as a gift.
- People wishing to clarify a gift to avoid potential legal disputes later.
- Donors who are required to document gifts for tax purposes.
How to complete this form
- Identify and enter the city, county, state, and ZIP code at the top of the form.
- Clearly state the intent to gift property or funds in the declaration section.
- Specify the type of property or funds being transferred.
- Sign the affidavit as the transferor, affirming the declaration is true.
- Consider having the form notarized if required by local laws.
Notarization guidance
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
Mistakes to watch out for
- Failing to specify the exact property or funds being gifted.
- Not providing accurate and complete details in the declaration section.
- Omitting signatures or failing to date the form.
Advantages of online completion
- Convenient access to a reliable legal template drafted by licensed attorneys.
- The ability to download and customize the form to fit specific needs.
- Time-saving option for completing legal documentation without the need for an in-person visit to a lawyer.
Form popularity
FAQ
Details of the donor and donee (name, date of birth, residence, relationship to each other, father's name, etc.) The amount of money being gifted, Reason for gifting, if any.
As the seller, you must provide the buyer with the Tennessee title certificate, signed by you. An odometer disclosure statement is required and a completed affidavit of non-dealer transfer of motor vehicles and boats is also required.
A title receipt with registration or permit authorizes the operation of the motor vehicle on a public highway in this state until the title is issued.
Form 130-U is used in the State of Texas to apply for a title to a vehicle. Also known as an Application for Texas Title, the document is completed to transfer the title from the seller of the vehicle to its new owner.
A Gift Affidavit is a legal document used to prove that an item was given to someone as a gift. In a Gift Affidavit form, the person giving the gift (known as the donor) swears that an item is being gifted to the recipient (known as the donee) and that no payment is expected in return.
The State DMV has issued a corrected title for the vehicle.In other states, details about the vehicle, such as incorrect odometer readings, can result in a corrected title being issued. A corrected title can also be issued when a lien is placed on the vehicle's title.
Texas title, signed and dated by the seller(s) and buyer(s). VTR-130U (Application for Texas title), signed and dated by the seller(s) and buyer(s). Proof of insurance in the buyer's name. Acceptable form of ID. Proof of inspection. Fees.
A copy of your current insurance identification (PDF) card is required if registration is to be issued. VIN verification is required for out of state vehicles. If the vehicle is being given as a gift, the Form MV-13ST (PDF), Affidavit of Gift must be attached to the title application.
Apply in Person Complete the Application for a Certified Copy of Title (Form VTR-34). NOTE: All recorded owners must sign the form and provide photo ID (or a copy) at time of application. Provide a valid photo ID and $5.45 fee by check, cash or money order (no debit or credit card accepted).
