Simpson County Gift Deed Forms (Mississippi)
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Form Package
Gift Deed
State
Mississippi
Area
Simpson County
Price
$27.97
Delivery
Immediate Download
Payment Information
Included Forms
All Simpson County specific forms and documents listed below are included in your immediate download package:
Gift Deed Form
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last reviewed/updated 3/28/2024
Gift Deed Guide
Line by line guide explaining every blank on the form.
Included document last reviewed/updated 1/25/2024
Completed Example of the Gift Deed Document
Example of a properly completed form for reference.
Included document last reviewed/updated 4/8/2024
Included Supplemental Documents
The following Mississippi and Simpson County supplemental forms are included as a courtesy with your order.
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 Mississippi or Simpson County. 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?
Forms are NOT emailed to you. Immediately after you submit payment, the Simpson County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be sent to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance.
What type of files are the forms?
All of our Simpson County Gift Deed 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 Gift Deed 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 Simpson County that you need to transfer you would only need to order our forms once for all of your properties in Simpson County.
Are these forms guaranteed to be recordable in Simpson County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Simpson 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:
- Simpson County
Including:
- Braxton
- D Lo
- Harrisville
- Magee
- Mendenhall
- Pinola
What is the Mississippi Gift Deed
Gifts of Real Property in Mississippi
A gift deed, or deed of gift, is a legal document voluntarily transferring title to real property from one party (the grantor or donor) to another (the grantee or donee). A gift deed typically transfers real property between family or close friends. Gift deeds are also used to donate to a non-profit organization or charity. The deed serves as proof that the transfer is indeed a gift and without consideration (any conditions or form of compensation).
Valid deeds must meet the following requirements: The grantor must intend to make a present gift of the property, the grantor must deliver the property to the grantee, and the grantee must accept the gift. Gift deeds must contain language that explicitly states no consideration is expected or required, because any ambiguity or reference to consideration can make the deed contestable in court. A promise to transfer ownership in the future is not a gift, and any deed that does not immediately transfer the interest in the property, or meet any of the aforementioned requirements, can be revoked [1].
A lawful gift deed must also include the grantor's full name and marital status, as well as the grantee's full name, marital status, mailing address, telephone number and vesting. Vesting describes how the grantee holds title to the property. For Mississippi residential property, the primary methods for holding title are tenancy in common, joint tenancy, and tenancy by entirety. A grant of ownership of real estate to two or more persons is presumed to create a tenancy in common, unless otherwise stated in the conveyance (Miss. Code Ann 89-1-7).
As with any conveyance of real estate, 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. All deeds in the State of Mississippi also require the preparer to include indexing instructions. The indexing instruction is comprised of the section, township, and range, and one or more quarter sections or governmental lots or other applicable subdivisions of each section in which the land subject to the conveyance is located (Miss. Code Ann. 89-5-33(3)). Include all relevant documents, affidavits, forms, and fees with the along with the deed for recording. Record the completed deed at the local County Recorder's office.
The IRS levies a Federal Gift Tax on any transfer of property from one individual to another with no consideration, or consideration that is less than the full market value. Gifts of real property in Mississippi are subject to this federal gift tax. 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, grantors should consider filing one for many gifts of real property [2]. The grantor is responsible for paying the federal gift tax; however, if the grantor does not pay the gift tax, the grantee will be held liable [1].
In Mississippi, there is no state gift tax. For questions regarding state taxation laws, consult a tax specialist.
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 recipient is responsible for paying the requisite state and federal income taxes [3].
This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact a lawyer with any questions about gift deeds or other issues related to the transfer of real property. For questions regarding federal and state taxation laws, consult a tax specialist.
[1]https://nationalparalegal.edu/public_documents/courseware_asp_files/realProperty/PersonalProperty/InterVivosGifts.asp
[2] http://msuextension.org/publications/FamilyFinancialManagement/MT199105HR.pdf
[3] https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
(Mississippi GD Package includes form, guidelines, and completed example)
Our Promise
The documents you receive here will meet, or exceed, the Simpson 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 Simpson 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.
Reviews
4.8 out of 5 (4320 Reviews)
Lorie S.
April 24th, 2024
It was available to download immediately
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TIFFANY B.
April 24th, 2024
THIS SERVICE IS AMAZING! IT SAVES ME SO MUCH TIME!
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Nancy A.
April 24th, 2024
This is an excellent resource. I was surprised because the price is so low I thought the products might be inferior. Not only were were the requested documents high quality, additional unrequested documents were added to my order that I didn\'t realize I would need until I read them. I especially appreciate that all the documents were specific to my county. I highly recommend using deeds.com.
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November 4th, 2020
I have been very happy with the prompt assistance that I have received from deeds.com! How refreshing this is when so often good customer service seems rare these days!
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July 7th, 2020
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Colleen K.
September 15th, 2022
This product was easy to use and instructions were helpful.
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Karla L.
September 4th, 2019
Perfect! Recorded my completed deed today with no problems.
Thank you!
Joseph L.
February 11th, 2019
Very easy to fill out and and saved a lot of extra cost by doing it ourselves and getting it notarized.
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Kay G.
April 1st, 2019
Found just the form I was looking for. It was an easy download process. Now just have to complete the forms!
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David M.
July 6th, 2020
Best $20 ever spent. I'm a bit of an idiot with these things, thankfully there are professionals who know what they are doing so I don't screw things up...
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Marc Z.
March 24th, 2019
Thank you for having an easy to navigate website with updated documents! Had everything I needed, took care of business and on to the next transaction.- Aloha
Thank you Marc. Have a fantastic day!
Lawrence R.
February 4th, 2020
Forms do not allow enough space for fields and cutoff. Need to expand the fields to allow for more writing. I ended up re-typing to be able to include full property description.
Would be nice if available in Word format rather than only PDF format.
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Kay I.
December 11th, 2019
Very easy to use. However, the "sample" filled in red ink did not print for me to refer to. Is that the correct desire, not to print?
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Andrea H.
December 4th, 2020
I am very pleased with your service. The document that I downloaded along with the instructions and examples you provided made the process so easy. Thank you.
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November 1st, 2019
I do not use the internet much and really am not good with it, but your site which my brother told me about was really easy to use. I would recommend your service to others any time. Thanks for making it user friendly.
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