This form is a Gift Deed where the grantor is an individual and the grantees are two individuals holding title as joint tenants.
A Texas gift form for title transfer is a legal document used to transfer ownership of a vehicle, boat, or motorized mobile home from the donor (person giving the gift) to the recipient (person receiving the gift) without any monetary exchange. This form is required by the Texas Department of Motor Vehicles (DMV) to ensure proper transfer and registration of the gifted vehicle. One type of Texas gift form for title transfer is the "Application for Texas Certificate of Title Transfer" (Form 130-U). This is the standard form used for transferring ownership of a gifted vehicle in Texas. The form requires both the donor and recipient to provide their personal information, such as names, addresses, and contact details. Additionally, the make, model, year, vehicle identification number (VIN), and odometer reading of the vehicle being gifted must also be provided. Another type of Texas gift form for title transfer is the "Affidavit of Motor Vehicle Gift Transfer" (Form 14-317). This form is used when the donor is not required to pay any gift tax and the vehicle being gifted is not subject to any lien or security interest. It requires the donor to state that the gift is being made without any consideration and affirms that the information provided is true and correct. It's important to note that the gift forms mentioned above are specific to different types of vehicles, and there may be additional forms or requirements depending on the situation. For example, if the gifted vehicle is titled out-of-state or has multiple owners, additional documentation may be necessary. It's advisable to consult with the Texas DMV or a legal professional to ensure that all necessary forms are completed accurately. In summary, a Texas gift form for title transfer is a crucial document used to legally transfer ownership of a vehicle without any monetary transaction. The two main types of gift forms are the "Application for Texas Certificate of Title Transfer" (Form 130-U) and the "Affidavit of Motor Vehicle Gift Transfer" (Form 14-317), each serving a specific purpose based on the circumstances of the gift. Properly completing and submitting these forms ensures a smooth and lawful transfer of title in Texas.
