The letter must explain who is gifting the money, where the donor's funds are coming from and the relationship between the donor and the recipient. A mortgage gift letter is a statement that assures your lender the money that came into your account is a gift and not a loan.A gift letter is a note from a donor to your lender regarding cash funds for your mortgage down payment. If the money was gifted to both of you, then the answer is simple. The money is a marital asset and will be divided equitably in the divorce. A gift letter is an important, formal, legal piece of documentation that can help explain that a (usually rather large) sum of money was gifted to you. A gift letter is a piece of legal, written correspondence explicitly stating that money received isn't expected to be repaid. Medicaid requires that all Medicaid applicants account for all gifts and transfers made in the five years prior to applying for Institutional Medicaid. The letter should state that the person giving you the money is not getting something of value in return, such as an ownership stake in the property. Up truck registered as a Passenger Vehicle cannot display any business advertisements and must be used exclusively for noncommercial purposes.