Prince Edward County Gift Deed Special Warranty Forms (Virginia)
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Form Package
Gift Deed Special Warranty
State
Virginia
Area
Prince Edward County
Price
$27.97
Delivery
Immediate Download
Payment Information
Included Forms
All Prince Edward County specific forms and documents listed below are included in your immediate download package:
Gift Deed Special Warranty Form
Fill in the blank Gift Deed Special Warranty form formatted to comply with all Virginia recording and content requirements.
Included document last reviewed/updated 3/21/2024
Gift Deed Special Warranty Guide
Line by line guide explaining every blank on the form.
Included document last reviewed/updated 3/27/2024
Completed Example of the Gift Deed Special Warranty Document
Example of a properly completed form for reference.
Included document last reviewed/updated 4/1/2024
Included Supplemental Documents
The following Virginia and Prince Edward 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 Virginia or Prince Edward 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 Prince Edward 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 Prince Edward County Gift Deed Special Warranty 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 Special Warranty 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 Prince Edward County that you need to transfer you would only need to order our forms once for all of your properties in Prince Edward County.
Are these forms guaranteed to be recordable in Prince Edward County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Prince Edward 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 Special Warranty Forms:
- Prince Edward County
Including:
- Farmville
- Green Bay
- Hampden Sydney
- Meherrin
- Prospect
- Rice
What is the Virginia Gift Deed Special Warranty
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). They typically transfer real property between family or close friends. Gift deeds are also used to donate to a non-profit organization or charity.
Gift deeds, by definition, are transfers made for no consideration. To gift property to a donee, the donor may execute a quitclaim, special warranty, or warranty deed, depending on the level of protection they wish to provide. In general, though, gift deeds with full warranties are unusual; most donors choose either quitclaim or special warranty deeds.
Quitclaim deeds transfer the owner's property rights to the recipient with no assurances about the status of the title, or even a guarantee that they have actually own the property. Special warranty deeds confirm that the donor owns the property, has the right to transfer it, and will defend the donee against claims on the title that relate to their period of ownership.
For a gift deed to be valid, the grantor must intend to make a gift of the property, deliver the property to the grantee, and the grantee must accept the gift. It must contain language that explicitly states no consideration is expected or required. 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.
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 manner of vesting title. 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.
The granting party must sign the deed in the presence of an authorized official before filing the deed in the Clerk of Court's office in the independent city or county in which the property is situated. If married, the non-owning spouse should sign as an additional grantor to waive any interest in the estate. Gift deeds must meet all state and local standards for recorded documents. Some jurisdictions in Virginia require a cover page for recording. Generate the cover sheet online and submit it when recording (see supplemental forms). Contact the local recording office with questions.
Deeds of gift are exempt from recordation taxes under Va. Code 58.1-811(D). The deed must state on its face that the transfer is exempt from the tax.
Virginia does not levy a state gift tax, but the grantor must pay 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. As of 2020, individuals are permitted an annual exclusion of $15,000 on gifts. If there is any question about the gift's value, or if it is close to the exclusion limit, the grantor may wish to consider filing a Form 709 for the federal tax. Ask the local tax assessor or another tax professional for guidance.
With gifts of real property, the recipient (grantee) is not required to declare the amount of the gift as income, but if the property accrues income (such as rent) after the transaction, the recipient is responsible for paying associated state and federal income taxes. Note that the grantee, as the new owner, also becomes responsible for local property taxes and maintaining other agreements and restrictions associated with the property.
This article is provided for informational purposes only and is not a substitute for professional legal advice. Contact an attorney with questions about gift deeds or for any other issues related to the transfer of real property in the Commonwealth of Virginia.
(Virginia GDSW Package includes form, guidelines, and completed example)
Our Promise
The documents you receive here will meet, or exceed, the Prince Edward 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 Prince Edward County Gift Deed Special Warranty 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 (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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Dan V.
December 24th, 2021
Very happy, thanks.
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Michele S.
February 10th, 2019
This is a great service if you know what youre looking for. Unfortunately it just wasnt right for me and my situation.
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July 29th, 2022
Completed in 1 day and no problems filing a deed in another county. Price was less than the gas I would have used, not to mention my time. Thanks
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David D.
January 28th, 2021
Forms were quick to receive and appear to be what I need to complete our task.
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January 15th, 2019
HAD WRONG PASSWORD; PROGRAM MADE CHANGE EASY.
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John K.
September 3rd, 2021
The website was very easy to work. The documents were just what I needed and everything that my state and county required.
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September 16th, 2021
Excellent product- very
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Marcia H.
April 18th, 2021
This was so easy and fast! Plus it had all the information I needed in one place. The example was right on point too!
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Daniel F.
March 26th, 2021
We have been very happy with all that Deeds have done very timely and helpful
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Kelly Y.
September 1st, 2022
The document was easy to locate, pay for and download. I hope it will be this easy to process by the County!
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Dianne J.
January 23rd, 2021
Thought we would just do a quit claim to remove a name on a deed but after read your instruction and all that is needed we decided to meet with a lawyer. Appreciate all the info that you supplied.
Glad to hear that Dianne. We always recommend seeking the advice of a professional if you are not completely sure of what you are doing. Have a great day!
Roy P.
October 12th, 2021
The forms were just what I needed, very helpful.
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