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Gift Deed Form - Poinsett County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 9/22/2021
Gift Deed Guide - Poinsett County
Line by line guide explaining every blank on the form.
Included document last updated 11/8/2021
Completed Example of the Gift Deed Document - Poinsett County
Example of a properly completed form for reference.
Included document last updated 10/11/2021
*The Following Arkansas and Poinsett County supplemental forms are included as a courtesy with your order.
Real Property Transfer Tax Affidavit Form (Arkansas Document)
Certificate of Acknowledgment (Arkansas Document)
Homestead Credit Application (Arkansas Document)
Certificate of Acknowledgment - Representative (Arkansas Document)
Assessor by County (Arkansas Document)
Jurat (Arkansas Document)
Homestead Application Espanol (Arkansas Document)
Including:
Gifts of Real Property in Arkansas
Gift deeds convey title to real property from one party to another 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. Gift deeds must 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.
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 Arkansas residential property, the primary methods for holding title in co-ownership are tenancy in common and joint tenancy. Arkansas does not recognize community property. Real estate conveyed to two or more people is presumed as tenancy in common, unless a joint tenancy is specified (A.C.A. 18-12-603).
As with any conveyance of realty, a gift deed requires a complete legal description of the parcel. Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. Each grantor must sign the deed in the presence of a notary public for a valid transfer. Transfers in Arkansas require two witness signatures (A.C.A. 18-12-104). All signatures must be original. Record the completed deed, along with any additional materials, in the circuit clerk's office of the county where the property is located. Contact the same office to verify accepted forms of payment.
In Arkansas, every legal transfer of real property requires a Real Property Transfer Tax Affidavit form. This form should be completed by the grantee and filed with the instrument (A.C.A. 26-60-107). When real property is conveyed as a gift, no transfer tax is due. The grantee should indicate such on the affidavit.
With gifts of real property, the recipient of the gift (grantee or donee) 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 Arkansas, there is no state gift tax. For questions regarding state taxation laws, consult a tax specialist. Gifts of real property in Arkansas are, however, subject to the federal gift tax. The person or entity making the gift (grantor or donor) is responsible for paying the federal gift 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 Arkansas lawyer with any questions about gift deeds or other issues related to the transfer of real property.
Get your Poinsett County 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 Poinsett County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
4.8 out of 5 (3111 Reviews) November 27th, 2021
Name: Sheryl G.
Review: Simple way to complete documents with very detailed instructions. And to be able to e-file them is great too.
Reply from Staff on November 27th, 2021
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November 26th, 2021
Name: Susan S.
Review: What a delight to find this Website. Professionally done and easy to work with.
Reply from Staff on November 26th, 2021
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November 25th, 2021
Name: Gerald M.
Review: So easy to do. The examples and guides are well worth the few $$ this cost. Highly recommend!!
Reply from Staff on November 25th, 2021
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November 24th, 2021
Name: Walter K.
Review: Works ok but could have more specific information. My wife and I both own the Quit Claim property, should we both sign as Grantors?
Reply from Staff on November 24th, 2021
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November 23rd, 2021
Name: Gail J.
Review: Great! Got the document I needed
Reply from Staff on November 23rd, 2021
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November 23rd, 2021
Name: Julie A.
Review: This process was so easy. I am pleased with efficiency and ease of it all.
Reply from Staff on November 23rd, 2021
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November 23rd, 2021
Name: Mary-Ann K.
Review: Very pleasantly pleased so far. Hope to hear from the town registrar Transfer On Death Deed accepted. Wish all legal proceedings were so simple . . .
Reply from Staff on November 23rd, 2021
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November 22nd, 2021
Name: Donna R.
Review: Hi! Is there a setting that I can click on that will make sure I'm notified via email when an update is made to my requests? Thank you!
Reply from Staff on November 22nd, 2021
Thanks for your feedback, we'll have someone look into it.
November 22nd, 2021
Name: Donna M.
Review: Appreciated the ability to not only download the form but the instruction's AND a sample.
Reply from Staff on November 22nd, 2021
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November 22nd, 2021
Name: Rosie R.
Review: LOVE THIS!! I am a REALTORand from time to time I have had to take documents for filing. I'm so glad I invested some time online researching eFiling services. The first few search results that populated required an expensive annual or monthly subscription. Luckily I continued to scroll and found Deeds.com. No annual or monthly subscription required. Just pay per use. I uploaded a ROL late one night and Deed.com had it eFiled the very next morning!!! They keep you updated throughout the process via email notifications which you click on the link provided in the email that directs you to your online portal to view the status and once your documents have been filed you can immediately download the filed of record documents including the receipt from the county in which the documents were filed. SO SIMPLE, CONVENIENT, & QUICK-THANK YOU DEEDS.com!!!
Reply from Staff on November 22nd, 2021
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