What is a Missouri Affididavit of Gift form?
The Missouri Affidavit of Gift form is a legal document used when an individual decides to give a vehicle or other titled property as a gift in Missouri. This affidavit proves that the transaction is a genuine gift and that no money is exchanged between the giver and the receiver.
Who needs to complete the Missouri Affidavit of Gift form?
Both the giver (donor) and the receiver (donee) of the gifted vehicle or titled property must complete and sign the Missouri Affidavit of Gift form. This ensures that both parties acknowledge the gift transaction.
Where can I obtain a Missouri Affidavit of Gift form?
You can get the Missouri Affidavit of Gift form from the Missouri Department of Revenue website. It may also be available at local offices where vehicle registrations are processed.
Is there a fee to file a Missouri Affidavit of Gift?
No, there is no fee to file the Affidavit of Gift with the Missouri Department of Revenue. However, the donee may be responsible for other fees related to the registration of the vehicle or titled property.
What information is needed to complete the Missouri Affidavit of Gift form?
To fill out the form, you'll need the vehicle or property details, including the make, model, year, and Vehicle Identification Number (VIN). Additionally, both the donor's and donee's personal information, including full names and addresses, are required.
Does the Missouri Affidavit of Gift form need to be notarized?
Yes, the Missouri Affidavit of Gift form requires notarization. Once both parties have signed the form, it must be taken to a notary public for this certification before submission.
What happens after the Missouri Affidavit of Gift form is completed?
After the form is completed and notarized, the donee needs to submit it to the Missouri Department of Revenue as part of the process to transfer the title into their name. This step officially records the gift and updates the vehicle's ownership records.
Are there any taxes due when filing a Missouri Affidavit of Gift?
In many cases, gifts of vehicles or titled property are exempt from sales tax. However, the receiver should verify with the Missouri Department of Revenue or a tax professional to ensure no other taxes or fees are due upon transfer.
Can the Missouri Affidavit of Gift form be used to gift property other than vehicles?
While primarily used for vehicles, the Missouri Affidavit of Gift form may be applicable for other types of titled property. It's important to consult with the Missouri Department of Revenue or a legal professional to understand its use for specific property types.
What if I make a mistake on the Missouri Affidavit of Gift form?
If a mistake is made on the Affidavit of Gift, it's crucial to correct it properly. In most cases, this involves completing a new form with the correct information. Do not try to alter the notarized document, as this could invalidate it.