Name: Gift Deed
Brand: Deeds.com
Rating: 4.8 (3488 reviews)

Included Forms

All Wallace County specific forms and documents listed below are included in your immediate download package:

Gift Deed Form - Wallace County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 1/20/2022

Gift Deed Guide - Wallace County

Line by line guide explaining every blank on the form.
Included document last updated 3/23/2022

Wallace County Completed Example of the Gift Deed Document Page 1

Completed Example of the Gift Deed Document - Wallace County

Example of a properly completed form for reference.
Included document last updated 4/1/2022

Included Supplemental Documents

The Following Kansas and Wallace County supplemental forms are included as a courtesy with your order.

List of Counties for One-part Form (Kansas Document)

Real Estate Sales Validation Questionnaire / One-part Form (Kansas Document)

Certificate of Acknowledgment - Individual (Kansas Document)

Certificate of Acknowledgment - Representative (Kansas Document)

Jurat (Kansas Document)

Frequently Asked Questions:

How long does it take to get my forms?
- Forms are available immediately after submitting payment.
What are supplemental forms?
- Often when a deed is recorded additional documents are required by the state or local jurisdiction. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
How do I get my forms, are they emailed?
- After you submit payment you will see a page listing the forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.
What type of files are the forms?
- All of our forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Can the forms be re-used?
- Yes. You can re-use the forms for your personal use. For example, if you have more than one property in a given county that you need to transfer you would only need to order our forms once for all of your properties in that county.
Are these forms guaranteed to be recordable in Wallace County ?
- Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Wallace County including margin requirements, content requirements, font and font size requirements.
Do I have to enter all of my property information online?
- No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
- Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Do I need any special software to use these forms?
- You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Are there any recurring fees involved?
- No. Nothing to cancel, no memberships, no recurring fees.

Areas covered by these Gift Deed Forms:

Wallace County

Including:

Sharon Springs
Wallace
Weskan

What is the Kansas Gift Deed?

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 Kansas residential property, the primary methods for holding title are tenancy in common and joint tenancy. An estate conveyed to two or more persons is considered a tenancy in common, unless a joint tenancy is clearly expressed (K.S.A. 58-501).

As with any conveyance of realty, a gift deed requires a complete legal description of the parcel. Recite the prior deed reference to maintain a clear chain of title, and detail any restrictions associated with the property. The deed must be signed by the grantor and acknowledged by an individual authorized to take acknowledgements. All signatures must be original.

Record the completed gift deed with the Register of Deeds in the county where the subject property is located. Contact the same office to confirm recording fees and accepted forms of payment. In Kansas, conveyances of real property typically require a Real Estate Sales Validation Questionnaire, unless the conveyance is exempt. Because there is no exchange of consideration when real property is gifted from one party to another, gift deeds are exempt from this requirement under K.S.A. 79-1437e(4).

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 Kansas, there is no state gift tax, but gifts of real property are 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 and federal tax regulations, 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). However, if the gift's value could possibly be disputed by the IRS, a donor may benefit from filing a Form 709 [2].

This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact a Kansas lawyer with any questions about gift deeds or other matters 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

Our Promise

The documents you receive here will meet, or exceed, the Wallace County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Wallace 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.

Customer Reviews:

4.8 out of 5 (3488 Reviews)

May 27th, 2022

Name: Richard B.

Review: Had trouble filling in the forms not very user friendly. The text always had to be manipulated to look in the best place. Could not easily move existing text to look more professional with the text being inserted.

Reply from Staff on May 27th, 2022

Thank you for your feedback. We really appreciate it. Have a great day!

May 27th, 2022

Name: Tony W.

Review: I have not completed the forms yet but they appear to be exactly what I need for the purpose they are intended. Thanks

Reply from Staff on May 27th, 2022

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

May 27th, 2022

Name: Judy F.

Review: The site was easy to use, I just wasn't sure which of all these documents I needed.

Reply from Staff on May 27th, 2022

Thank you!

May 26th, 2022

Name: GISELLE G.

Review: Quick and easy. I will definitely use this services again.