The Texas Affidavit of Gift form is a legal document used to transfer ownership of property or assets without the exchange of money. This form serves to establish the intent of the donor to gift the specified items to the recipient. Understanding its components is essential for both parties involved in the transaction.
The Texas Affidavit of Gift form serves as an important legal document that facilitates the transfer of property or assets from one individual to another without the exchange of money. This form is often utilized in situations where a person wishes to gift real estate, vehicles, or personal property to a family member, friend, or charitable organization. By completing this affidavit, the donor can clearly outline the specifics of the gift, including a detailed description of the property, the identities of both the giver and the recipient, and any conditions attached to the transfer. The form must be signed in the presence of a notary public, ensuring that the document is legally binding and recognized by the state. This process not only provides clarity and protection for both parties involved but also helps to prevent any potential disputes in the future regarding ownership or intent. Understanding the nuances of this form is essential for anyone considering making a gift of significant value in Texas, as it lays the groundwork for a smooth and transparent transfer of assets.
Texas Affidavit of Gift Template
This document serves as a sworn statement, making it known that a gift has been given from one party to another, adhering to the guidelines specified under the Texas Tax Code Sec. 152.025. This affidavit is a crucial step toward the exemption of sales tax on the gifted item, which, in many cases, includes motor vehicles amongst other tangible goods.
Personal Information of the Donor
Full Name: _____________________________
Physical Address: _____________________________
City, State, Zip: _____________________________
Phone Number: _____________________________
Relationship to Recipient: _____________________________
Personal Information of the Recipient
Description of Gift
Type of Property (e.g., Vehicle, Jewelry, etc.): _____________________________
Make/Model (if applicable): _____________________________
Serial Number or Vehicle Identification Number (VIN), if applicable: _____________________________
Other Identifying Information: _____________________________
Statement of Gift
I, ____[Donor's Name]____, declare under penalty of perjury that I have willingly given the above-described property to ____[Recipient's Name]____, who is my ____[Relationship to Recipient]____, without any consideration or expectation of compensation or remuneration now or in the future.
Acknowledgement of Receipt
I, ____[Recipient's Name]____, acknowledge the receipt of the gift described above and confirm its receipt without any coercion, promising nothing in return to the donor.
Additional Provisions
Note any additional details pertinent to the gifting process or the item itself that might be relevant to this affidavit:
________________________________________________________________
Notarization
This document was sworn to (or affirmed) and signed before me on (date) ____________, by (names of signer(s)) _________________________________________.
Notary Public: _____________________________
My Commission Expires: _____________________________
Instructions for Filing
After completing this affidavit, you must present it to the appropriate department designated by the State of Texas for the exemption process. This generally includes, but is not limited to, the Texas Department of Motor Vehicles (TxDMV) if the gift is a vehicle. Verify the specific submission requirements and where to filed this affidavit directly with the department or agency facilitating the transfer of the gifted property.
Review the information provided thoroughly before submission to ensure its accuracy and completeness. Any false statement could result in penalties under the law.
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