Gift Affidavit Style 81

Although most states use the terms “affidavit of domicile” and “affidavit of residence” interchangeably, both actually serve two different purposes. An affidavit of residence verifies a person's legal residence for schools, banks, employers and courts, while an affidavit of domicile verifies a deceased party's last legal residence in order to speed up the distribution of specific types of personal property, primarily stocks and other securities. It's unlikely that you need a Gift Affidavit for the average birthday presents, however, if you're giving someone a house or an early Picasso then a Gift Affidavit may be necessary. After all, one or both of you may have to prove it's a gift for tax reasons - and in the case of a divorce a Gift Affidavit can help sort out what property is jointly owned at what isn't. Rocket Lawyer provides information and software only. Rocket Lawyer is not a "lawyer referral service" and does not provide legal advice or participate in any legal representation. It's unlikely that you need a Gift Affidavit for the average birthday presents, however, if you're giving someone a house or an early Picasso then a Gift Affidavit may be necessary. After all, one or both of you may have to prove it's a gift for tax reasons - and in the case of a divorce a Gift Affidavit can help sort out what property is jointly owned at what isn't.

Show More

Share this Template:

Search
Generic filters
Filter by Custom Post Type
Filter by Categories
Business Formation
Business Management
Business Operations
Business Property
Client and Customer
Construction
Employment
Event
Event & Project Management
Financial
Financial Management
Finder's Fee Agreement
Human Resources
Inventory
IT Project Management
Manufacturing
Personal & Family
Personal Lists, Tracker & Calculator
Real Estate
Website & Services
Will & Estate Planning
Filter by Apps
Excel
Word

Templates by Word