Mclean County Gift Deed Form (Illinois)
All Mclean 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 Mclean County compliant document last validated/updated 9/11/2024
Gift Deed Guide
Line by line guide explaining every blank on the form.
Included Mclean County compliant document last validated/updated 9/16/2024
Completed Example of the Gift Deed Document
Example of a properly completed form for reference.
Included Mclean County compliant document last validated/updated 7/3/2024
The following Illinois and Mclean County supplemental forms are included as a courtesy with your order:
When using these Gift Deed forms, the subject real estate must be physically located in Mclean County. The executed documents should then be recorded in the following office:
McLean County Recorder
115 E. Washington St, Rm M104 / P.O. Box 2400, Bloomington, Illinois 61702-2400
Hours: 8:00am to 4:30pm M-F
Phone: (309) 888-5170
Local jurisdictions located in Mclean County include:
- Anchor
- Arrowsmith
- Bellflower
- Bloomington
- Carlock
- Chenoa
- Colfax
- Cooksville
- Cropsey
- Danvers
- Downs
- Ellsworth
- Gridley
- Heyworth
- Hudson
- Le Roy
- Lexington
- Mc Lean
- Merna
- Normal
- Saybrook
- Shirley
- Stanford
- Towanda
How long does it take to get my forms?
Forms are available immediately after submitting payment.
How do I get my forms, are they emailed?
Immediately after you submit payment, the Mclean 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 provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.
What does "validated/updated" mean?
This indicates the most recent date when at least one of the following occurred:
- Updated: The document was updated or changed to remain compliant.
- Validated: The document was examined by an attorney or staff, or it was successfully recorded in Mclean County using our eRecording service.
Are these forms guaranteed to be recordable in Mclean County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Mclean County including margin requirements, content requirements, font and font size requirements.
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 Mclean County that you need to transfer you would only need to order our forms once for all of your properties in Mclean County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Illinois or Mclean 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.
What type of files are the forms?
All of our Mclean 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.
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.
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.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
Gifts of Real Property in Illinois
Gift deeds convey title to real property from one party to another with no exchange of consideration, monetary or otherwise. Often used to transfer property between family members or to gift property as a charitable act or donation, these conveyances occur during the grantor's lifetime. Gift deeds must contain language that explicitly states that no consideration is expected or required. Ambiguous language or references to any type of consideration can make the gift deed contestable in court.
A lawful gift deed includes the grantor's full name and marital status, as well as the grantee's full name, marital status, vesting information, and mailing address. Vesting describes how the grantee holds title to the property. Generally, real property is owned in either sole ownership or co-ownership. For Illinois residential property, the primary methods for holding title are tenancy in common, joint tenancy, and tenancy by the entirety. An estate conveyed to two or more unmarried persons is considered a tenancy in common, unless otherwise specified (765 ILCS 1005/1). A conveyance to a married couple vests as tenancy by entirety unless otherwise specified (765 ILCS 1005/1c).
As with any conveyance of realty, a gift deed requires a complete legal description of the parcel. Recite the source of title to maintain a clear chain of title, and detail any restrictions associated with the property. In Illinois, if the signer is not personally known to the notarial officer, a witness must acknowledge and sign the deed (765 ILCS 5/24). All signatures must be original.
In Illinois, most conveyances of real property are subject to a Real Estate Transfer Tax and require a Real Estate Transfer Declaration (Form PTAX-203). However, because a gift deed transfers real property from one party to another with no exchange of valuable consideration, this type of conveyance is exempt from the tax and does not require a declaration (35 ILCS 200/31-45e). Record the completed gift deed with the recorder's office where the subject property is located. Contact the same office to confirm recording fees and accepted forms of payment.
With gifts of real property, the recipient of the gift (grantee or donee) is not required to declare the amount of the gift as income, but if the property accrues income after the transaction, the grantee is responsible for paying the requisite state and federal income tax [1].
In Illinois, there is no state gift tax. Gifts of real property in Illinois are, however, subject to the federal gift tax. The person or entity making the gift (grantor or donor) is responsible for paying the federal gift tax; however, if the donor does not pay the gift tax, the donee (grantee) will be held liable [1]. For questions regarding state and federal tax laws, consult a tax specialist.
In accordance with federal law, individuals are permitted an annual exclusion of $15,000 on gifts. This means that gifts valued below $15,000 do not require a federal gift tax return (Form 709). Even so, donors should consider filing one for many gifts of real property [2].
This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact an Illinois lawyer with any questions about gift deeds or other issues related to the transfer of real property.
[1] http://msuextension.org/publications/FamilyFinancialManagement/MT199105HR.pdf
[2] https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes
(Illinois Gift Deed Package includes form, guidelines, and completed example)
Our Promise
The documents you receive here will meet, or exceed, the Mclean 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 Mclean 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 - ( 4399 Reviews )
Felincia L.
September 28th, 2024
The process was fast and efficient. I did get a bit confused after entering info for my package but soon realized I had completed this part of the process and only needed to leave the page and wait for review of the document and then the invoice. It was pretty simple. After payment of the invoice I was notified that the document had been submitted. A few hours later I received notice that the document was recorded by the city. It was fast!
We are motivated by your feedback to continue delivering excellence. Thank you!
HEATHER M.
September 27th, 2024
The guide I needed was very easy to understand and the template was easy to complete. I had a property attorney review the deed before I had it registered and she was impressed. She said she couldn't have written it better herself! Definitely worth the money instead of paying high dollar attorney fees for a simple task.
Your feedback is greatly appreciated. Thank you for taking the time to share your experience!
Linda D.
September 23rd, 2024
very efficient and easy to use online platform. I reviewed several different sites before I settle on this one. Took my deed to the courthouse today and recorded it with no problems.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Michael M.
November 3rd, 2020
This company gets it right! All the forms you need for your jurisdiction along with guides, and more
Thank you for your feedback. We really appreciate it. Have a great day!
Cindy J.
September 4th, 2020
I'm stuck in Florida due to family business and needed to file documents in Virginia for other family business. Deeds.com made it easy and efficient and cost effective. I'm so grateful for this service!
Thank you!
Lori W.
July 28th, 2023
Timely, efficient and easy to use.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Kenneth J.
May 5th, 2022
I thought the forms were good but expensive, Spending almost 30 dollars for a 3 page form was a stiff price to pay. I won't be getting any more
Thank you for your feedback. We really appreciate it. Have a great day!
Paul W.
March 11th, 2022
Exceptionally easy site to navigate. Forms and related documents downloaded quickly and were helpful in completing the forms, which have already been filed with the County Registrar of Deeds. Many thanks for an extremely useful site!
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Isabel M.
December 20th, 2018
Easy and quick...I highly recommend this site:)
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Marck G.
March 23rd, 2022
This is an excellent service..thank you
Thank you!
Jeannine G.
June 28th, 2021
Very helpful and just what I needed for the job I was doing.
Thank you!
Eleanor W.
April 7th, 2019
I haven't taken the forms to our county clerk for recording yet so not sure they contain all needed information in the order needed but forms were easy to read, easy to save and with well documented instructions available.
Thank you
Thank you for your feedback. We really appreciate it. Have a great day!
Peggy L.
November 16th, 2020
Exactly what I needed and so nice to not have to pay a lawyer
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Daniel D.
February 9th, 2020
Well done. A little pricy.
Thank you!
Rick H.
May 11th, 2019
Website easy to use. Sample feed from helpful. Will know more after county reviews application.
Thank you Rick, we really appreciate your feedback.