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Gift Deed Form - Lander County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 2/13/2020
Gift Deed Guide - Lander County
Line by line guide explaining every blank on the form.
Included document last updated 1/10/2020
Completed Example of the Gift Deed Document - Lander County
Example of a properly completed form for reference.
Included document last updated 1/22/2020
*The Following Nevada and Lander County supplemental forms are included as a courtesy with your order.
Declaration of Value
When a deed is recorded, this form is required. Line-by-line instructions and helpful hints can be viewed on pages 2-4 of the form. For a list of statutory exemptions, consult the second document. As requesting party at the bottom add: Deeds.com, P.O. Box 5264, Fairlawn, OH 44334
Notary Certificates
The supplemental forms in this section can be used as loose certificates by notaries in the state.
Declaration of Homestead
A homestead declaration protects your home from being seized and sold in the event that a money judgment is entered against you by a court.
Abandonment of Homestead
Use this form to abandon all claims to a homestead for the real property described.
Including:
Gifts of Real Property in Nevada
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, and vesting. Vesting describes how the grantee holds title to the property. are tenancy in common, joint tenancy, and community property. 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. A married couple may hold real property as joint tenants, tenants in common, or as community property. (NRS 111.060-.065; 123.220; 123.030). All property acquired after marriage by either spouse, or both, is community property unless the property was acquired by gift. Gifts can only vest as community property when made to both spouses (NRS 123.130).
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. A Declaration of Value form must accompany all real property documents. If an exemption to the transfer tax is claimed, it should be noted on the Declaration of Value (NRS 375.060). See NRS 375.090 for a list of exemptions. Record the completed deed at the local County Register of Deed'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 Nevada are subject to this federal gift tax, but there is no associated state 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].
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 tax 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
Get your Lander 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 Lander County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
4.7 out of 5 (1153 Reviews)
February 17th, 2020
Name: Doris P.
Review: Easy to understand and fill out Beneficiary Deed, but when I tried to download finished form, it disappeared! Luckily I had printed it first and had to fill out again.
Reply from Staff on February 17th, 2020
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February 16th, 2020
Name: Mercedes B.
Review: Great site. It lets your fingers do the walking. It took me half a day to get deed info a couple of years ago. Thanks Deeds.com
Reply from Staff on February 16th, 2020
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February 15th, 2020
Name: Anthony L.
Review: I recently needed an affidavit of death. The form and help tools made it easy to fill out and file. the Recorder accepted this form . Which made the experience painless and easy . All things considered..
Reply from Staff on February 15th, 2020
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February 14th, 2020
Name: Sherilyn L.
Review: Easy to use & cost is great Thank you
Reply from Staff on February 14th, 2020
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February 13th, 2020
Name: Sol B.
Review: Got me all the info I was looking for Thanks you deeds.com
Reply from Staff on February 14th, 2020
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February 13th, 2020
Name: ANGELA S.
Review: My E-deed was not excepted by the county, so I had to snail mail the documents to the recorders office. Will probably not use this site again, as it did not fulfill my purpose, but would recommend to those who do not have complicated forms.
Reply from Staff on February 13th, 2020
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February 13th, 2020
Name: Teresa R.
Review: Zero problems, ended up with quality documents. Will use again.
Reply from Staff on February 13th, 2020
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February 13th, 2020
Name: Janis H.
Review: Amazing! Great forms - created the quitclaim fairly easy, recorded with no issues. Thanks!
Reply from Staff on February 13th, 2020
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February 13th, 2020
Name: SHASTA S.
Review: Ordered quitclaim deed form for Knox county Illinois. It got the job done however it was not a very good format. I had to explain all to the county recorder & was worried she would reject it. I would not recommend this item.
Reply from Staff on February 13th, 2020
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February 12th, 2020
Name: Leslie S.
Review: The site was quick and easy to find information I needed. It also provided extra paperwork that would assist me.
Reply from Staff on February 12th, 2020
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