Gift deeds were created so someone can give real estate or property to someone else. This makes the transfer valid and legal without consideration of money given in exchange for the property. This is usually a charitable donation or a transfer of property among family members. When someone wants to gift a home, many people decline the gift. A gift deed eliminates excuses to receive the property.
A gift deed requires a clear chain of title which can be purchased by our local vendors. The gift deed must list any restrictions of the property. When a gift deed is received, it has to be signed by two witnesses. The gift deed must meet the requirements to ensure the gift deed receipt. We will give you a list of requirements, so we can plan the steps required in the process.
Price: $300 (Setup an Appointment)
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Gift deeds are complicated and tedious to uphold. Compared to special warranty deeds, Gift deeds have nuances that sometimes do not hold up in court. It is more likely for a gift deed to be challenged, than a special warranty deed.
When you gift a property the person that receives the gift can be subject two different types of gift taxations or income taxation. Using a special warranty deed, you can give a property to someone, for consideration of $10, & it is treated differently under taxation rules.
We are a San Antonio Real Estate Law firm that offers fixed fee rates for a variety of legal transaction services, including Owner Finance & Wraparound Closings, Foreclosures, Deeds & Releases, Real Estate Contracts, Title Issues & Judgments, Wills & Estates, Probate & Administration, & LLC Formations. If you need help assessing your case give our office a call.
Victor has been doing real estate transactions as a lawyer since 2002 & as an investor himself since 2003. There are a lot of nuances with real estate & we hope that if you have any questions to contact us during regular business hours. Along with being a Real Estate Attorney, Victor is also a Real Estate Broker, making his expertise long standing & efficient.
We are a San Antonio Real Estate Law firm that offers fixed fee rates for a variety of legal transaction services, including Owner Finance & Wraparound Closings, Foreclosures, Deeds & Releases, Real Estate Contracts, Title Issues & Judgments, Wills & Estates, Probate & Administration, & LLC Formations. If you need help assessing your case give our office a call.
Victor has been doing real estate transactions as a lawyer since 2002 & as an investor himself since 2003. There are a lot of nuances with real estate & we hope that if you have any questions to contact us during regular business hours. Along with being a Real Estate Attorney, Victor is also a Real Estate Broker, making his expertise long standing & efficient.
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Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230
Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230
Fields marked with an * are required
Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230