Sign In
All Jefferson County specific forms and documents listed below are included in your immediate download package:
The Following Kentucky and Jefferson County supplemental forms are included as a courtesy with your order.
Consideration Certificate (Kentucky Document)
Consideration Certificate Exemptions (Kentucky Document)
Transfer Tax Information & Exemptions (Kentucky Document)
Kentucky Statute 132.810 Homestead exemption -- Application -- Qualification. (Kentucky Document)
Application for Exemption (Kentucky Document)
Including:
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 Kentucky residential property, the primary methods for holding title are tenancy in common, joint tenancy, and tenancy by the entirety. An estate conveyed to two or more persons is considered a tenancy in common, unless a joint tenancy is specified. An estate conveyed to a husband and wife vests as a tenancy in common, unless a tenancy by the entirety with full right of survivorship is expressly stated (KRS 381.050).
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.
In Kentucky, most conveyances of real property require a statement of consideration. A transfer tax is levied based on the actual consideration stated and paid. When real property is gifted from one party to another and no consideration is exchanged, tax is paid on the property's estimated value, so that amount must be stated within the instrument (KRS 382.135(1)(e)). "Value," as defined by KRS 142.050(1)(b)(2), is "the estimated price the property would bring in an open market and under the then prevailing market conditions in a sale between a willing seller and a willing buyer, both conversant with the property and with prevailing general price levels." Each grantee must join in signing to certify the consideration statement.
The deed must be signed by both the grantor and grantee and acknowledged by an authorized individual. All signatures must be original. In Kentucky, deeds also require a preparation statement, comprised of the document preparer's name, address, and signature (KRS 382.335(1)). Instruments also require the name and address of the person to receive future tax statements on the subject property (KRS 382.135(1)(d)).
Record the completed gift deed with the clerk's office in the county 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 Kentucky, 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]. 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 Kentucky 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
The documents you receive here will meet, or exceed, the Jefferson 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 Jefferson 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.
4.8 out of 5 (3969 Reviews) March 27th, 2023
Name: Melody M.
Review: Thank you Deeds.com for making our Quit Deed process easy and efficient. The instructions and example forms are a must! Excellent value for the price.
Reply from Staff on March 27th, 2023
Thank you for your feedback. We really appreciate it. Have a great day!
March 27th, 2023
Name: Joan B.
Review: So quick and easy! No searching for a parking place or waiting in line. Thank you!
Reply from Staff on March 27th, 2023
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
March 27th, 2023
Name: Clarence R.
Review: service from your team was quick and very accurate. My experience was excellent.
Reply from Staff on March 27th, 2023
Thank you!
Name: Diana C.
Review: Great service!!! I was feeling overwhelmed but then I found deeds! I spent about 10 mins ordering, then went to bed and by morning my deed was there!! Very efficient! Thanks so much! So worth the little bit of dollars!
Reply from Staff
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Name: Ernest K.
Review: Im an out of state realtor, but couldnt believe how quick and easy the process was. Recieved my deed within 15 min of submission. I will be referring clients to this service.
Reply from Staff
Thank you!
Name: Judy C.
Review: Both sets of deeds were complete and easy to understand. Both states accepted the forms to transfer property.
Reply from Staff
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Name: Jeanette S.
Review: Your site was easy to figure out after a few mistakes on my part. Messages were returned quickly. Very convenient for our recording of documents. I will recommend using this method for recording in future. Thank you for working fast in our recording.
Reply from Staff
Thank you for your feedback. We really appreciate it. Have a great day!
Name: elizabeth m.
Review: Wonderful service, forms were great. Completed and ready for recording. Will check back in after recorded.
Reply from Staff
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Name: kelly W.
Review: Your customer service person was very professional and polite and helpful.
Reply from Staff
Thank you!
Name: Jared D.
Review: Yes it was awsome experience,thank you
Reply from Staff
Thank you!
Name: Kristy T.
Review: Using your site made gifting personal property (land) so quick and easy. The forms were presented ready to complete and included detailed instructions. The "completed form" example was helpful. I definitely recommend your site to anyone who does not wish to pay expensive lawyer fees.
Reply from Staff
Thank you Kristy, we appreciate your feedback
Name: David B.
Review: I found the information very helpful. Had problems producing a professional looking document due to the limited active fields on the PDF form. Finally I just typed it.
Reply from Staff
Thank you!
Name: Tonya B.
Review: Easy process. Thanks for making this resource available.
Reply from Staff
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Name: Susan S.
Review: Great forms, easy to understand and use (the guide helped a lot). Recorded with no issues. Will be back when needed.
Reply from Staff
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Name: Anita B.
Review: Service was fast and complete. Would use again.
Reply from Staff
Thank you!
Use of Deeds.com Legal Forms. On our Site we make available for use self-help "fill in the blank" forms. If you use a form on our Site, you explicitly agree to our Terms of Use. You understand and agree that your purchase and/or use of a form document is neither legal advice nor the practice of law, and that each form and any applicable instructions or guidance is not customized to your particular needs, not guaranteed or warranted to be current, up to date, or accurate.
NO WARRANTY. Do It Yourself Legal Forms available on our Website are not guaranteed to be usable, correct, up to date, or fit for any legal purpose. Use of any Do It Yourself Legal Form from our website is done so AT YOUR OWN RISK.
If you use any Do It Yourself Legal Form available on Deeds.com, you agree that: TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WE BE LIABLE FOR DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE LEGAL FORMS OR FOR ANY INFORMATION OR SERVICES PROVIDED TO YOU THROUGH THE DEEDS.COM WEBSITE. TO THE EXTENT THE FOREGOING LIMITATION OF LIABILITY IS PROHIBITED, OUR SOLE OBLIGATION TO YOU FOR DAMAGES WILL BE LIMITED TO $100.00.
Nothing on this website should be considered a substitute for the advice of an attorney.
© DEEDS.COM INC. 1997 - 2023 ALL RIGHTS RESERVED | (330) 606-0119 | P.O. Box 5264, Fairlawn, OH 44334