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Gift Deed Form - Kenai Peninsula Borough
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 2/10/2020
Gift Deed Guide - Kenai Peninsula Borough
Line by line guide explaining every blank on the form.
Included document last updated 1/21/2020
Completed Example of the Gift Deed Document - Kenai Peninsula Borough
Example of a properly completed form for reference.
Included document last updated 12/26/2019
*The Following Alaska and Kenai Peninsula Borough supplemental forms are included as a courtesy with your order.
Residential Real Property Transfer Disclosure Statement
This form is required by the State of Alaska on a residential transfer of real property. It includes an addendum to explain repairs, defects and malfunctions.
Judicial Districts
This information sheet lists the recording offices and the districts they serve. It also contains a list of all communities in each of the districts. Note that as of August 1, 2015, the Bethel district office has been closed and recording for the Bethel and Kuskokwim communities is now taking place at the Fairbanks office.
Residential Property Tax Exemptions
You May Qualify for up to a $50,000 exemption off the assessed value of your home for property taxes.
Notary Certificates
The supplemental forms in this section can be used as loose certificates by notaries in the state.
Including:
Gifts of Real Property in Alaska
Gift deeds convey title to real property from one party (the grantor or donor) to another (the grantee or donee) with no exchange of consideration, monetary or otherwise. Often used to transfer property between family members or to gift property as a charitable act or donation, these conveyances occur during the grantor's lifetime. It is important that a gift deed contain language that explicitly states that no consideration is expected or required. Ambiguous language, or references to any type of consideration, can make the gift deed contestable in court.
In Alaska, no covenants are implied in a conveyance of real property, even if the conveyance contains special covenants (AS 34-15-080). Any guarantees must meet statutory language as prescribed by AS 35-15-030.
A lawful gift deed includes the grantor's full name and marital status, as well as the grantee's full name, marital status, vesting, and mailing address. Vesting describes how the grantee holds title to the property. Generally, real property is owned in either sole ownership or in co-ownership. For Alaska residential property, the primary methods for holding title in co-ownership are tenancy in common and tenancy by entirety. A conveyance of real estate to two or more persons creates a tenancy in common (AS 34.15.110(a)). Tenancy by the entirety is only available to married couples and is the presumed vesting unless otherwise stated (AS 34.15.110(b)). When real estate is held as tenants by entirety, upon the death of either spouse, the survivor automatically obtains title to the share of the deceased spouse, free and clear of the claims of heirs and creditors of the deceased spouse.
As with any conveyance of realty, a gift deed requires a complete legal description of the parcel. In Alaska, at minimum, the legal description should include the section, township, range, and meridian designation, or (for subdivided property) the lot, block, and subdivision name or plat number of the parcel. Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. The document must be signed and acknowledged by the grantor in the presence of two credible witnesses, one of which can be the notary (AS 34-15-210). Submit the deed, along with any additional materials, to the recorder's office of the recording district where the property is located. Contact the same office to verify accepted forms of payment.
With gifts of real property, the recipient of the gift (grantee) is not required to declare the amount of the gift as income, but if the property accrues income after the transaction, the grantee is responsible for paying the requisite state and federal income tax.
In Alaska, there is no state gift tax, but the gift remains subject to federal taxation. The person or entity making the gift (grantor) is responsible for paying this tax; however, if the donor does not pay the gift tax, the donee will be held liable.
In accordance with federal law, individuals are permitted an annual exclusion of $15,000 on gifts. This means that, if a gift is valued below $15,000, a federal gift tax return (Form 709) does not need to be filed. However, if the gift is something that could possibly be disputed by the IRS -- such as real property -- a donor may benefit from filing a Form 709.
This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact an Alaska lawyer with any questions about gift deeds or other issues related to the transfer of real property.
Get your Kenai Peninsula Borough Gift Deed form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties.
The documents you receive here will meet, or exceed, the Kenai Peninsula Borough recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
4.7 out of 5 (1157 Reviews) February 20th, 2020
Name: Michael M.
Review: Thanks worked out great as the form was perfect and no problems filing it with the county.
Reply from Staff on February 20th, 2020
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February 20th, 2020
Name: RICK M.
Review: great
Reply from Staff on February 20th, 2020
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February 19th, 2020
Name: Patsy B.
Review: This website is very user friendly. I easily found the form I needed and was given an example for filling it out. Highly recommend this website!
Reply from Staff on February 19th, 2020
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February 19th, 2020
Name: Shellie J.
Review: Documents are great and easy to use, just wish there was a page helping to know where to mail documents to with an amount since it tells you mailing in is an option.
Reply from Staff on February 19th, 2020
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February 17th, 2020
Name: Doris P.
Review: Easy to understand and fill out Beneficiary Deed, but when I tried to download finished form, it disappeared! Luckily I had printed it first and had to fill out again.
Reply from Staff on February 17th, 2020
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February 16th, 2020
Name: Mercedes B.
Review: Great site. It lets your fingers do the walking. It took me half a day to get deed info a couple of years ago. Thanks Deeds.com
Reply from Staff on February 16th, 2020
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February 15th, 2020
Name: Anthony L.
Review: I recently needed an affidavit of death. The form and help tools made it easy to fill out and file. the Recorder accepted this form . Which made the experience painless and easy . All things considered..
Reply from Staff on February 15th, 2020
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February 14th, 2020
Name: Sherilyn L.
Review: Easy to use & cost is great Thank you
Reply from Staff on February 14th, 2020
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February 13th, 2020
Name: Sol B.
Review: Got me all the info I was looking for Thanks you deeds.com
Reply from Staff on February 14th, 2020
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February 13th, 2020
Name: ANGELA S.
Review: My E-deed was not excepted by the county, so I had to snail mail the documents to the recorders office. Will probably not use this site again, as it did not fulfill my purpose, but would recommend to those who do not have complicated forms.
Reply from Staff on February 13th, 2020
Thank you for your feedback. We really appreciate it. Have a great day!