All Custer County specific forms and documents listed below are included in your immediate download package:
The Following Idaho and Custer County supplemental forms are included as a courtesy with your order.
Certificate of Acknowledgment - Individual (Idaho Document)
Certificate of Acknowledgment - Corporation (Idaho Document)
Certificate of Acknowledgment - Attorney in Fact (Idaho Document)
Jurat (Idaho Document)
Including:
Gifting Real Estate in Idaho
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 information, and mailing address. Vesting describes how the grantee holds title to the property. Generally, real property is owned in either sole ownership or co-ownership. For Idaho residential property, the primary methods for holding title are tenancy in common, joint tenancy, and community property. An estate conveyed to two or more unmarried persons is considered a tenancy in common, unless otherwise specified (I.C. 55-104, 508). A conveyance to two married persons is presumed to vest as community property ( 32-906).
As with any conveyance of realty, a gift deed requires a complete legal description of the parcel. Recite the source of title to maintain a clear chain of title, and detail any restrictions associated with the property. In Idaho, if the signer is not personally known to the notarial officer, the instrument requires the signature of one witness ( 55-719). All signatures must be original. Record the completed gift deed with the clerk or recorder's office where the subject property is located. Contact the same office to confirm recording fees and accepted forms of payment.
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 [1].
In Idaho, there is no state gift tax. Gifts of real property in Idaho 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 (grantee) will be held liable [1]. For questions regarding state tax laws, consult a tax specialist.
In accordance with federal law, individuals are permitted an annual exclusion of $15,000 on gifts. This means that gifts valued below $15,000 do not require a federal gift tax return (Form 709). Even so, donors should consider filing one for many gifts of real property [2].
This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact an Idaho lawyer with any questions about gift deeds or other issues related to the transfer of real property.
[1] http://msuextension.org/publications/FamilyFinancialManagement/MT199105HR.pdf
[2] https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
The documents you receive here will meet, or exceed, the Custer County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Get your Custer 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 and local jurisdictions.
August 11th, 2022
Name: John B.
Review: Simply amazing. I had absolutely no idea how to properly file a deed, until someone told me about deeds.com. It's just such a well designed service, with fantastic customer support, and speed. Bravo to everyone at deeds.
Reply from Staff on August 11th, 2022
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August 11th, 2022
Name: RONALD L W.
Review: Easy access of downloadable forms for use by Pennsylvania, Allegheny County residents.
Reply from Staff on August 11th, 2022
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August 11th, 2022
Name: Sharon B.
Review: My questions were answered promptly. I was not able to locate the deed I was searching for because my county has not uploaded the documents to be accessed through this system. I am sure I could have found what I was looking for had the information been available through the system. Thank you for your assistance.
Reply from Staff on August 11th, 2022
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August 10th, 2022
Name: Kevin C.
Review: Nice site but $30 to download a blank form is a bit much.
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August 10th, 2022
Name: CHARMAINE G.
Review: Would have paid double for these forms. Thankfully there are professionals making these things, I would have surely messed it up if I tried to do it myself based on my incorrect preconceived ideas.
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August 10th, 2022
Name: Joel B.
Review: I would have liked more room in the text fields for describing the potential claim. had to use Exhibit A. Could not delete Exhibit B. Alo would like to have a custom footer - not deeds.com. Unprofessional.
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August 10th, 2022
Name: James R.
Review: This site is a blessing in disguise-/>
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August 10th, 2022
Name: George A. M.
Review: User friendly and fast to use. I was pleased with experience.
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August 9th, 2022
Name: Tracey M.
Review: Using Deeds.com was unbelievably quick and easy to file a deed restriction with our local county office. From uploading the initial file to deeds.com, to having a fully recorded document was right on one hour - and all from the comfort of my home. I found your service was easy to use and your staff were very quick in responding to my filing. I will definitely use and recommend deeds.com in the future.
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August 9th, 2022
Name: Ken B.
Review: Instructions were easy to follow
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