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Oklahoma - Okfuskee County Gift Deed Forms

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Form Package
Gift Deed
State
Oklahoma
Area
Okfuskee County
Price
$21.97
Delivery
Immediate Download

Payment Information

Included Forms

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


Okfuskee County Gift Deed Form Page 1

Gift Deed Form - Okfuskee County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 12/6/2021

Okfuskee County Gift Deed Guide Page 1

Gift Deed Guide - Okfuskee County

Line by line guide explaining every blank on the form.
Included document last updated 11/10/2021

Okfuskee County Completed Example of the Gift Deed Document Page 1

Completed Example of the Gift Deed Document - Okfuskee County

Example of a properly completed form for reference.
Included document last updated 11/20/2020

Included Supplemental Documents

The Following Oklahoma and Okfuskee County supplemental forms are included as a courtesy with your order.


Affidavit - Documentary Stamp Tax (Oklahoma Document)


Documentary Stamp Tax Exemptions (Oklahoma Document)


Documentary Stamp Tax Guide (Oklahoma Document)


Oklahoma Stamp Tax Chart (Oklahoma Document)


Certificate of Acknowledgment - Individual (Oklahoma Document)


Certificate of Acknowledgment - Representative (Oklahoma Document)


Jurat (Oklahoma Document)


Homestead Exemption Application (Oklahoma Document)


Frequently Asked Questions (Oklahoma 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 Okfuskee County ?
    • Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Okfuskee 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:

  • Okfuskee County

Including:

  • Boley
  • Castle
  • Okemah
  • Paden
  • Weleetka

What is the Oklahoma Gift Deed?

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. A gift deed 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 includes 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. For Oklahoma 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 the conveyance specifically and expressly creates a joint tenancy or tenancy by entirety (60 O.S. 74).

As with any conveyance of real estate, a gift deed requires a complete legal description of the parcel. In Oklahoma, the legal description must provide the information necessary for indexing as required by Section 287 and 291 of Title 19 O.S. (addition, block & lot, section, township & range, and metes & bounds if necessary for the location). Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. For any questions regarding a transfer of property affecting Indian Land, refer to the Bureau of Indian Affairs, and contact a lawyer. Record the completed deed at the local County Clerk's office.

In Oklahoma, gift deeds between any persons related within the second degree of consanguinity , without actual consideration, are exempt from the Documentary Stamp tax and must include the following phrase below the title of the document: Exempt Documentary Stamp Tax O.S. Title 68, Article 32 Section 3202, Paragraph 4.

The IRS implements 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. 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].

In Oklahoma, there is no state gift tax. When a transfer is by gift, no tax withholding is required either [3]. For questions regarding state taxation laws, consult a tax specialist. Gifts of real property in Oklahoma are, however, subject to the federal gift tax. 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 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

Our Promise

The documents you receive here will meet, or exceed, the Okfuskee 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 Okfuskee 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 (3130 Reviews)


December 6th, 2021

Name: WJ H.

Review: The Quit Claim Deed for the state of Ohio worked for me, saving me the cost of an attorney doing it. O.K., maybe that wouldn't have amounted to more than a few hundred dollars, but anywhere I thought I could save money (and learn something new on top of it) is something I want to do. That said, be forwarned. While I'm not an attorney I'm not averse to spending many hours researching the lingo found in this kind of form and thoroughly understanding exactly how everything has to be filled in. I should add that my ex-wife and I remain friends and she was the one giving me the property/house (thus, technically I filled out the forms on her behalf). Because there was no personal conflict, it made it easier to undertake. Lastly, what others have said about the county office where you must file a Quit Claim Deed not being helpful, that's true in the sense that they do not want to be instructing non-attorneys on filling out the necessary forms. I did take a preliminary draft set of the forms to the county office but was VERY CAREFUL about explaining that I only needed a couple of questions answered about procedure for submitting the final documents. They were helpful once I made it clear I wasn't asking them for "legal advice". And their help was critical as the final submittals requires stopping at three different offices (MapDocuments, Auditor and finally the Recorder's office). So I say thank you to Deeds.com. Their service for the Quit Claim Deed was invaluable.

Reply from Staff on December 6th, 2021

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December 6th, 2021

Name: Daniel R.

Review: Could have had Clerk's certification of mailing form after it is recorded. Not fatal, but I did have to resort to reading the statute as well.

Reply from Staff on December 6th, 2021

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December 3rd, 2021

Name: Alan M.

Review: The packet I downloaded was complete and useful, and process was not unduly opaque. However, I would have liked to download the whole packet, about 6 files, all at one go. Still, the forms provided the complete solution to my situation.

Reply from Staff on December 3rd, 2021

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December 3rd, 2021

Name: Kevin M.

Review: My first time using Deeds.com and I am impressed how much you offer and how easy it is to use this site. Had the real-estate forms I needed plus a bonus of how to fill them out. Best value on the internet for real-estate forms and information.

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December 2nd, 2021

Name: Robert H.

Review: I was surprised that how comprehensive your website is. I quickly found what I was looking for, and it was just what I needed.

Reply from Staff on December 2nd, 2021

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December 2nd, 2021

Name: Terry M.

Review: Application is not well laid out. I guess it does the job but leaves a lot to be desired. Hard to follow

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December 2nd, 2021

Name: Kathy O.

Review: I was so happy to be able to print the Quit Claim Deed form and learn about other forms. Very pleased with this service! Took the stress out of preparing needed deeds for notirization for our Trust. Very grateful. Thank you. Kathy

Reply from Staff on December 2nd, 2021

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December 2nd, 2021

Name: Mary Z.

Review: Awesome forms, easy to complete and print.

Reply from Staff on December 2nd, 2021

Thank you!


December 2nd, 2021

Name: CEDRIC D.

Review: need more instructions for each form

Reply from Staff on December 2nd, 2021

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December 1st, 2021

Name: Sheryl L.

Review: EZ to use program....was able to print all forms ordered. I expect to go back to to use recording ability. Instructions are easily followed...would be nice to have confirmation included but they are available to purchase. Hope for successful recording of TOD affidavit. Pretty good value...attorney quoted well over the price I paid for package.

Reply from Staff on December 1st, 2021

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