Loudon County Gift Deed Form (Tennessee)

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

Gift Deed Form

Loudon County Gift Deed Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included Loudon County compliant document last validated/updated 11/13/2024

Gift Deed Guide

Loudon County Gift Deed Guide

Line by line guide explaining every blank on the form.
Included Loudon County compliant document last validated/updated 9/23/2024

Completed Example of the Gift Deed Document

Loudon County Completed Example of the Gift Deed Document

Example of a properly completed form for reference.
Included Loudon County compliant document last validated/updated 9/9/2024

When using these Gift Deed forms, the subject real estate must be physically located in Loudon County. The executed documents should then be recorded in the following office:

Loudon County Register of Deeds

101 Mulberry St, Suite 202 / PO Box 395, Loudon, Tennessee 37774

Hours: 8:00 to 4:30 M-F

Phone: (865) 458-2605

Local jurisdictions located in Loudon County include:

  • Greenback
  • Lenoir City
  • Loudon
  • Philadelphia

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

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

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Tennessee or Loudon 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 Loudon 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 Tennessee

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 Tennessee residential property, the primary methods for holding title are tenancy in common and tenancy by entirety. A conveyance of real estate to two or more unmarried persons creates a tenancy in common, unless a different intention is clearly expressed. (Note: 66-1-107 abolishes survivorship in joint tenancy; consult a lawyer for questions regarding joint tenancy and/or survivorship rights in Tennessee.)

As with any conveyance of real estate, a gift deed requires a complete legal description of the parcel. At the end of the legal description of the property, include the name, license number, and address of the surveyor who prepared the boundary survey from which the description was prepared (T.C.A. 66-24-121). Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. Record the completed deed, along with a completed Oath of Consideration (T.C.A 67-4-409) at the local county Recorder's office.

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. But, 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 Tennessee, there is no state gift tax. Gifts of real property in Tennessee 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

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

Our Promise

The documents you receive here will meet, or exceed, the Loudon 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 Loudon 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 - ( 4434 Reviews )

James S.

November 21st, 2024

Forms used, created quitclaim deed that the county accepted without a second look (turns out they see deeds.com forms regularly via erecording and in person). Will be back for any real estate related forms I need and they carry. Will always be my first stop. Also, will use erecording next time, mad I didn't see it this time.

Reply from Staff

Thanks for the kind words James, glad we could help. Look forward to seeing you again.

Thomas G.

November 21st, 2024

Wasn’t what I expected

Reply from Staff

Sorry to hear that your expectations were missed. Your order has been canceled. We do hope that you find something more suitable to your expectations elsewhere. Do keep in mind that purchasing legal forms should not be an exploratory endeavor.

Jimmy P.

November 20th, 2024

They sent me everything I would need to do this. Easy purchase -Easy download. Great!! I'll be back here for all my document needs.

Reply from Staff

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

laura w.

March 7th, 2021

I found Deeds to be okay except I was hoping it would give me a title or deed to my house if I would have known I would have just got a warranty deed I probably would not have pay the money but it's still worth it

Reply from Staff

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

Cheryl B.

August 26th, 2022

I did this on a desktop using a scanned .pdf file. Simple, straight-forward, excellent instructions, easy, fast, and well documented for each step. From account creation to proof of recording: 4 hours... from the comfort of my home. I would highly recommend this service to anyone, including - and maybe especially - those who are looking for fast recording who aren't well versed in computers and on-line processes. Well done in all ways.

Reply from Staff

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

Joseph K.

May 1st, 2020

I'm very impressed. We're a small nonprofit, and we usually walk our documents into our county offices for recording. So I was a little bit skeptical about how things would work if we did it electronically. But it was a smooth, quick, painless, and reasonably priced process. I expect that this will be our preferred method even after county offices re-open.

Reply from Staff

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

Stephen D.

January 15th, 2019

Very good hope to use in the future.

Reply from Staff

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Donna S.

June 22nd, 2022

Very easy forms to fill out and convenient since my county does not carry these forms , great service .

Reply from Staff

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Barbara G.

January 30th, 2020

Thank you everything was as expected very good service

Reply from Staff

Thank you Barbara, we really appreciate 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

Reply from Staff

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

Christine S.

September 14th, 2021

One stop shopping for your Deed needs. Downloaded the forms and filled them out with ease following the step by step instructions. Saved me hundreds of dollars for not having to hire an attorney to do the exact same thing.

Reply from Staff

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

Timmy S.

December 18th, 2019

The form gave me a perfect place to start. I was looking for something regarding time-shares, so the form was not perfect, but the register of deeds worked with me to get it right. I would not have even been able to start without the form from deeds.com

Reply from Staff

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

Wendy S.

January 11th, 2021

Good template that met my needs. Much better than another draft template that I found on another site. Would have been helpful if the template had been provided in a Word format instead of PDF so that I could remove the sections that are not applicable.

Reply from Staff

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

Troy B.

July 8th, 2020

Very pleased with website very simple to navigate through

Reply from Staff

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

Brenda W.

June 30th, 2021

Good.

Reply from Staff

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