Isle Of Wight County Gift Deed Form

Isle Of Wight County Gift Deed Form
Fill in the blank form formatted to comply with all recording and content requirements.

Isle Of Wight County Gift Deed Guide
Line by line guide explaining every blank on the form.

Isle Of Wight County Completed Example of the Gift Deed Document
Example of a properly completed form for reference.
All 3 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Virginia and Isle Of Wight County documents included at no extra charge:
Where to Record Your Documents
Clerk of Circuit Court
Isle of Wight, Virginia 23397-0110
Hours: Mon-Fri 9:00am - 5:00pm
Phone: (757) 365-6233
Recording Tips for Isle Of Wight County:
- Bring your driver's license or state-issued photo ID
- Check that your notary's commission hasn't expired
- Recorded documents become public record - avoid including SSNs
Cities and Jurisdictions in Isle Of Wight County
Properties in any of these areas use Isle Of Wight County forms:
- Battery Park
- Carrollton
- Carrsville
- Isle Of Wight
- Rescue
- Smithfield
- Windsor
- Zuni
Hours, fees, requirements, and more for Isle Of Wight County
How do I get my forms?
Forms are available for immediate download after payment. The Isle Of Wight County forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Isle Of Wight County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Isle Of Wight County including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Isle Of Wight County you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Isle Of Wight County?
Recording fees in Isle Of Wight County vary. Contact the recorder's office at (757) 365-6233 for current fees.
Questions answered? Let's get started!
Gifts of Real Estate in Virginia
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 Gift Deed Package includes form, guidelines, and completed example)
Important: Your property must be located in Isle Of Wight County to use these forms. Documents should be recorded at the office below.
This Gift Deed meets all recording requirements specific to Isle Of Wight County.
Our Promise
The documents you receive here will meet, or exceed, the Isle Of Wight 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 Isle Of Wight 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.
4.8 out of 5 - ( 4578 Reviews )
Doris M G.
June 9th, 2022
Excellent. Everything has gone well and the deed guide has helped so much. Thank you.
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Daron S.
July 2nd, 2019
A download in word format would be a lot better than the pdf download.
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Jesse B.
December 23rd, 2018
Bought a quit claim deed form. Came with great instructions that were easy to follow and allowed me to do it over a couple of times until I got it right. Was also cheaper than most other options I found online.
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chungming a.
March 30th, 2019
easy to use website.
Thank you!
Bennie W.
January 9th, 2021
I used the Quitclaim form. The form was easy to complete without using the example or guide. $21 was a fair price compared to paying a lawyer.
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Randy B.
February 3rd, 2019
The form was exactly what we needed and the directions were spot on and perfectly clear. Filling out government forms can be an experience filled with anxiety but deeds.com made it easy and practically worry free.
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Viola J.
August 2nd, 2021
You made this so easy to process the Executor Deed. THANK YOU a thousand times. Appreciate that all forms are in one place and I did not have to search all over the internet to get what I needed.
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Dorothea B.
October 2nd, 2019
The Affidavit- Death of Joint Tenant form you provided is not the same form as showed on the Los Angeles County property tax website. It appears that the LA county form requires entering additional info that is not included in your form.
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Melody P.
April 13th, 2021
Thank you for always providing great service!
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January 13th, 2021
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April 24th, 2019
Im so happy with this site. It was quick and painless and worth the money hassle free if I ever need to settle another deed I will be back.
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January 12th, 2023
I was so confused on how to complete the form. But I followed the instructions and used the example and got it done.
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September 12th, 2020
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January 2nd, 2019
Deed was easy to download and complete. Will use again if needed.
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December 23rd, 2022
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