Texas Gift Deed from an Individual to Three Individuals.

Think about IHT implications potentially exempt transfer Be aware of the rules on gifts with reservation of benefit You will no longer be the legal owner of the property. Risk from outside parties. Don't forget capital gains tax.

Find the most recent deed to the property. It is best to begin with a copy of the most recent deed to the property (the deed that transferred the property to the current grantor). Create a new deed. Sign and notarize the deed. File the documents in the county land records.

To be valid, gift deeds in Texas further require the document set forth (1) the intent of the grantor, (2) the delivery of the property to the grantee, and (3) the gift to be accepted by the grantee. The one claiming the gift bears the burden to establish each of the elements.

Place and date on which the deed is to be executed. Relevant information regarding the donor and the donee, such as their names, address, relationship, date of birth and signatures. Complete details about the property. Two witnesses to bear testimony and their signatures.

Find the most recent deed to the property. It is best to begin with a copy of the most recent deed to the property (the deed that transferred the property to the current grantor). Create a new deed. Sign and notarize the deed. File the documents in the county land records.

In Texas, you can't add your spouse's name to an existing deed, but you can create a new deed by transferring the property from yourself to you and your spouse jointly. You can do this by using either a deed without warranty or a quit claim deed.

Gift. You can give ownership of your property to a family member as a gift. This simply requires filling out the necessary paperwork with your state revenue office and title office, including a Transfer of Land.