Kingsbury County Gift Deed Form (South Dakota)

All Kingsbury County specific forms and documents listed below are included in your immediate download package:

Gift Deed Form

Kingsbury County Gift Deed Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included Kingsbury County compliant document last validated/updated 10/30/2024

Gift Deed Guide

Kingsbury County Gift Deed Guide

Line by line guide explaining every blank on the form.
Included Kingsbury County compliant document last validated/updated 9/18/2024

Completed Example of the Gift Deed Document

Kingsbury County Completed Example of the Gift Deed Document

Example of a properly completed form for reference.
Included Kingsbury County compliant document last validated/updated 6/11/2024

The following South Dakota and Kingsbury 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 Kingsbury County. The executed documents should then be recorded in the following office:

Kingsbury County Register of Deeds

202 Second St SW / PO Box 146, De Smet, South Dakota 57231

Hours: 8:00 to 12:00 & 1:00 to 5:00 M-F

Phone: (605) 854-3591

Local jurisdictions located in Kingsbury County include:

  • Arlington
  • Badger
  • De Smet
  • Erwin
  • Iroquois
  • Lake Preston
  • Oldham

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 Kingsbury 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 Kingsbury County using our eRecording service.
Are these forms guaranteed to be recordable in Kingsbury County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Kingsbury 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 Kingsbury County that you need to transfer you would only need to order our forms once for all of your properties in Kingsbury County.

What are supplemental forms?

Often when a deed is recorded, additional documents are required by South Dakota or Kingsbury 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 Kingsbury 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 South Dakota

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). A gift deed typically transfers real property between family or close friends. Gift deeds are also used to donate to a non-profit organization or charity. The deed serves as proof that the transfer is indeed a gift and without consideration (any conditions or form of compensation).

Valid deeds must meet the following requirements: The grantor must intend to make a present gift of the property, the grantor must deliver the property to the grantee, and the grantee must accept the gift. A gift deed must contain language that explicitly states no consideration is expected or required, because 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 [1].

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 vesting. Vesting describes how the grantee holds title to the property. For South Dakota residential property, the primary methods for holding title are tenancy in common and joint tenancy. A grant of ownership of real estate to two or more unmarried persons is presumed to create a tenancy in common, unless a joint tenancy with a right of survivorship is expressly created (SDCL 43-2-11 et seq.).

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. Record the completed deed at the local county Recorder's office, along with a Certificate of Real Estate Value (SDCL 7-9-7(4)). Any conveyance that is an absolute gift without consideration of any kind in return for it is exempt from the fee imposed on any transfer of title (SDCL 43-4-22).

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. In accordance with federal law, individuals are permitted an annual exclusion of $15,000 on gifts. This means that if a gift is valued below $15,000, a federal gift tax return (Form 709) does not need to be filed. However, if the gift is something that could possibly be disputed by the IRS -- such as real property -- a grantor may benefit from filing a Form 709 [2].

In South Dakota, there is no state gift tax. Gifts of real property in South Dakota are, however, subject to the federal gift tax, which the grantor is responsible for paying; however, if the grantor does not pay the gift tax, the grantee will be held liable [1].

With gifts of real property, the recipient of the gift (grantee) is not required to declare the amount of the gift as income, but if the property accrues income after the transaction, the recipient is responsible for paying the requisite state and federal income taxes [3].

This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact a lawyer with any questions about gift deeds or other issues related to the transfer of real property. For questions regarding federal and state taxation laws, consult a tax specialist.

[1]
https://nationalparalegal.edu/public_documents/courseware_asp_files/realProperty/PersonalProperty/InterVivosGifts.asp
[2] http://msuextension.org/publications/FamilyFinancialManagement/MT199105HR.pdf
[3] https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes

(South Dakota Gift Deed Package includes form, guidelines, and completed example)

Our Promise

The documents you receive here will meet, or exceed, the Kingsbury 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 Kingsbury 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 - ( 4420 Reviews )

Jimmy W.

November 1st, 2024

Very thorough with plenty of instructions. Nice to be able to fill in the forms on my computer at my own pace and edit if needed. Jim

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

RUTH A.

October 25th, 2024

I am so very thankful for the service that you provide for the public, thank you very much.

Reply from Staff

We deeply appreciate the trust you have placed in our services. Thank you for your valuable feedback and for choosing us.

Nancy R.

October 25th, 2024

Deeds.com is very precise, helpful and friendly. I found the form I needed without any effort and everything worked perfect and smooth. I recommend it 100%. rnThank you.

Reply from Staff

We are delighted to have been of service. Thank you for the positive review!

AARON D.

July 26th, 2024

Forms were great ! Cancelled my lawyer's appointment & utilized your forms.rn

Reply from Staff

We are grateful for your feedback and looking forward to serving you again. Thank you!

Kathleen M.

April 14th, 2020

Your Service was excellent. Very responsive. Thank you.

Reply from Staff

Thank you!

Charlotte B.

August 2nd, 2021

I was very impressed with this service. It's a very important tool to be able to get the documents filed properly.

I was not able to understand how to fill in the blanks on line.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

CECIL E C.

June 27th, 2019

You made it easy to attain the documents I needed. The cost was very reasonable...thanks

Reply from Staff

Thank you for your feedback Cecil, we really appreciate it.

Joan L. W.

June 9th, 2021

Excellent Service

Reply from Staff

Thank you!

Matthew D.

February 16th, 2019

Fantastic forms easy process couldn't be happier! Thanks

Reply from Staff

Thank you Matthew!

Michelle J.

June 11th, 2022

I believe this is great! It protects the residents from theft of property. Proud of what Wayne County is doing.

Reply from Staff

Thank you!

RUTH O.

November 9th, 2019

Got access to the forms immediately after ordering. Lots of helpful information, forms were easy to use. Happy I choose this site.

Reply from Staff

Thank you Ruth. Have a great day!

irene a.

February 8th, 2019

good forms thanks, irene

Reply from Staff

Thank you Irene.

Susan Z.

February 1st, 2019

Helpful website. Couldn't use the forms for my situation and area

Reply from Staff

Thank you for your feedback Susan. We don't want you to have to pay for something you didn't use, we've gone ahead and canceled your order and payment. Have a great day!

Therese L.

September 20th, 2019

Good instructions and example

Reply from Staff

Thank you!

irene w.

February 11th, 2021

Just found this site, what a great resource !

Thank you so much for providing affordable
help to those of us navigating estate planning
mazes. The forms were all very easy to download,
even on our rather ancient computer, and the
accompanying explanations were in clear,
understandable English designed to explain,
with appropriate cautions to avoid problems.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!