Franklin County Gift Deed Forms (Vermont)
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Form Package
Gift Deed
State
Vermont
Area
Franklin County
Price
$27.97
Delivery
Immediate Download
Payment Information
Included Forms
All Franklin 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 4/8/2024
Gift Deed Guide
Line by line guide explaining every blank on the form.
Included document last reviewed/updated 12/21/2023
Completed Example of the Gift Deed Document
Example of a properly completed form for reference.
Included document last reviewed/updated 12/25/2023
Included Supplemental Documents
The following Vermont and Franklin 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 Vermont or Franklin 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 Franklin 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 Franklin 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 Franklin County that you need to transfer you would only need to order our forms once for all of your properties in Franklin County.
Are these forms guaranteed to be recordable in Franklin County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Franklin 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:
- Franklin County
Including:
- Bakersfield
- East Berkshire
- East Fairfield
- Enosburg Falls
- Fairfield
- Franklin
- Highgate Center
- Highgate Springs
- Montgomery
- Montgomery Center
- Richford
- Saint Albans
- Saint Albans Bay
- Sheldon
- Sheldon Springs
- Swanton
What is the Vermont Gift Deed
Gifting of Real Estate in Vermont
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).
In order for a gift deed to be valid they 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. Vermont recognizes the following types of joint ownership: tenancy in common, joint tenancy, and tenancy by entirety. A grant of ownership of real estate to two or more unmarried persons is presumed to create a tenancy in common, unless otherwise specified in the conveyance. A conveyance to a married couple vests as tenancy by entirety (27 V.S.A. 2, 27 V.S.A. 349). In Vermont, an instrument may create a joint tenancy in which the interests of the joint tenants are equal or unequal (27 V.S.A 2).
As with any conveyance of real estate, a gift deed requires a complete legal description of the parcel. In Vermont, a deed that refers to a survey revised or prepared after July 1, 1988 may be recorded only if it is accompanied by the survey to which it refers, or cites the volume and page in the land records showing where the survey has been previously recorded (27 V.S.A. 341). Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. Record the completed deed, and file a copy of Act 250 Disclosure Statement with the Town Clerk, who shall record it in the land records (10 V.S.A. 6007).
The fee for recording a real estate document in Vermont, the fees are $10 per page for all documents recorded. Copies of recorded documents are $1 per page. Certified copies are $1, plus the per page costs (32 V.S.A. 1671).
All deeds conveying property with or without consideration must have a Vermont Property Transfer Tax Return (32 V.S.A. 9602). There is a $10 filing fee for this form. When filling out the Transfer Tax Return form, make sure that section B is accurate and clearly printed. This information provides data needed to update that parcel's owner information for all city departments. Do not send property tax payments with documents to be recorded. Those payments should go directly to the Treasurer's Department (32 V.S.A. 9602).
The grantor is responsible for paying the Federal Gift Tax. 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 if a gift is valued below $15,000, a federal gift tax return (Form 709) does not need to be filed. However, if the gift is something that could possibly be disputed by the IRS -- such as real property -- a grantor may benefit from filing a Form 709 [2].
In Vermont, there is no state gift tax. For questions regarding state taxation laws, consult a tax specialist. Gifts of real property in Vermont 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
(Vermont Gift Deed Package includes form, guidelines, and completed example)
Our Promise
The documents you receive here will meet, or exceed, the Franklin County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
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Get your Franklin 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.
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4.8 out of 5 (4324 Reviews)
Michael L.
April 25th, 2024
Professional, simple. Very good.
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April 25th, 2024
Always helpful!\r\n
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Mark E.
April 25th, 2024
This was easy to use and only contained one glaring error-where to send the completed form to finish the process. I’ve completed the form, does this mean I get the amended deed sent to me? I think not.
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Julie C.
July 21st, 2020
The process worked great! It's a great solution for recording documents at the county during the pandemic and in the future if you don't want to leave home!!
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September 10th, 2020
Good information guiding through filling out the product. Would like form to be more flexible in terms of spacing, but otherwise excellent.
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David C.
December 14th, 2018
I needed to file an affidavit of succession. I downloaded the forms and filled in the blanks. The instructions and example sheet were very helpful.
I got the paper recorded with the county today and all went smoothly.
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Brenda M.
February 3rd, 2021
I was glad that I paid to get a copy of the gift deed it help me out a lot and the copy of the example how to fill everything out was great
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Tracey P.
December 24th, 2021
As always, amazing forms and information. A must have for anyone doing it themselves. Everything is available to make it happen but if you need a lot of hand holding you might want to look into a more full service option.
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MARIA G.
July 5th, 2021
I tried 3 local attorneys and got no where , wrong information, to busy and another one was very rude. One said he'd do it then didn't. I was so stressed and tried a different online form company advertising an in person attorney within hours. They did call back but gave me the wrong answer. I needed a form used in NC and knew about it from the clerk of the court. The deadline was approaching, I looked one more time and found Deeds.com. They have the form and the much need instructions and for less than $30.00. I am so pleased and also relived!
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February 13th, 2024
This was such an easy experience
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May 11th, 2021
My first time using eRecording.
Excellent user friendly service.
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Charlie T.
November 13th, 2020
I really like the service and will be definitely be using it again to submit future deeds.
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Karen J.
December 20th, 2018
Excellent and easy to download and use. Love the example page and was so easy to fill out and use immediately. Thank you
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Djala C.
November 18th, 2019
my experience was excellent.
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Anita C.
November 3rd, 2021
I found this site when looking for help filing a quitclaim deed to change my property deed to my married name. I received the correct forms, an example filled out, and a guide specific to my state. I have already submitted it for review to my county assessor's office (they were extremely helpful also) and it looks as if it should sail through. Thank you Deeds.com!
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