Gift Deed

IMPORTANT LEGAL NOTICE
This Gift Deed conveys real property as a gift for love and affection, with no monetary consideration. Alaska has no statutory gift-deed form; a gift is conveyed by a standard deed reciting love and affection and stating the warranty (or lack of warranty) expressly. Alaska imposes no real estate transfer tax. A gift of real property may, however, have federal gift-tax and income-tax (carryover basis) consequences for the parties — see the Gift-Tax Note below and obtain title insurance for full protection.

GIFT DEED

State of Alaska

RECORDING INFORMATION

After Recording Return To:

Name: ________________________________________
Address: _____________________________________
City, State, ZIP: _____________________________

Prepared By:

Name: ________________________________________
Address: _____________________________________
Alaska Bar No. (if attorney): _________________

Send Subsequent Tax Statements To (Grantee/Donee):

Name: ________________________________________
Address: _____________________________________

DEED INFORMATION

RECORDING FEE CALCULATION

No transfer tax. Alaska does not impose a state real estate transfer tax; only recording fees apply.

PARTIES

GRANTOR (Donor / Current Owner):

Name: [GRANTOR FULL LEGAL NAME]

Mailing Address: [FULL ADDRESS]

Marital Status:
☐ A single person
☐ A married person, spouse joining in conveyance (REQUIRED for homestead per AS 34.15.010)
☐ A married person, dealing with non-homestead property

Entity Type (if applicable):
☐ An Alaska limited liability company
☐ An Alaska corporation
☐ A [State] entity authorized to do business in Alaska
☐ Trustee of [Trust Name]

GRANTEE (Donee / New Owner):

Name: [GRANTEE FULL LEGAL NAME]

Mailing Address: [FULL ADDRESS]

Relationship to Grantor: [e.g., child, grandchild, spouse, sibling, parent]

Manner of Holding Title:
☐ As a single person
☐ As husband and wife
☐ As joint tenants with right of survivorship
☐ As tenants in common (____% and ____%)
☐ As an Alaska limited liability company / corporation
☐ As Trustee of [Trust Name]

CONSIDERATION AND GIFT

Consideration Recital

KNOW ALL PERSONS BY THESE PRESENTS:

That [GRANTOR NAME] ("Grantor" or "Donor"), of [CITY], Alaska, for and in consideration of the natural love and affection the Grantor has and bears for [GRANTEE NAME] ("Grantee" or "Donee"), and for no monetary consideration (the recited sum of $0.00 / nominal Ten Dollars ($10.00) being acknowledged as nominal only), does make the gift described below.

THIS IS A BONA FIDE GIFT. THE GRANTOR HAS RECEIVED NOTHING OF VALUE IN RETURN.

Gift Statement

The Grantor makes a present, voluntary, and irrevocable gift of the Property to the Grantee, intending presently to divest the Grantor of, and to vest in the Grantee, all of the Grantor's right, title, and interest. The Grantee accepts this gift as set forth in the Delivery and Acceptance section below.

CONVEYANCE

Granting Clause

The Grantor does hereby GIVE, GRANT, and CONVEY unto the Grantee, all of that certain property situated in the [RECORDING DISTRICT] Recording District, State of Alaska, more particularly described in Exhibit A attached hereto and made a part hereof for all purposes (the "Property").

Property Conveyed

TOGETHER with all and singular the rights, privileges, and appurtenances thereto belonging, including but not limited to:

☐ All improvements, buildings, structures, and fixtures
☐ All easements and rights-of-way appurtenant to the Property
☐ All rights in and to adjacent streets, alleys, and roads
☐ All water rights appurtenant to the Property
☐ All mineral rights (unless excepted below)

Habendum Clause

TO HAVE AND TO HOLD the Property, together with all and singular the rights and appurtenances thereto in anywise belonging, unto Grantee, Grantee's heirs, successors, and assigns forever.

WARRANTY ELECTION

Select ONE:

☐ OPTION A — Limited (Special) Warranty Against Grantor's Own Acts

Grantor warrants and will defend the title to the Property unto Grantee, Grantee's heirs, successors, and assigns, against the lawful claims of all persons claiming by, through, or under Grantor, but not otherwise. Grantor does NOT warrant against defects, liens, or claims arising before Grantor acquired title or created by prior owners.

☐ OPTION B — Quitclaim (No Warranty)

Grantor conveys only such right, title, and interest as the Grantor may have in the Property, WITHOUT ANY WARRANTY OF TITLE, express or implied. The Grantee accepts the Property "AS IS." No covenant or warranty is to be implied; Alaska law will not assume a conveyance encompasses any covenant or warranty unless expressly written into the deed.

EXCEPTIONS

This conveyance is made and accepted SUBJECT TO the following:

Standard Exceptions

☐ Taxes and assessments for the current year and subsequent years
☐ Visible and apparent easements on the Property
☐ All presently recorded and validly existing restrictions, reservations, covenants, conditions, and easements
☐ Any discrepancies, conflicts, or shortages in area or boundary lines
☐ Rights of parties in possession

Existing Mortgage / Lien

NOTICE TO DONEE: If any mortgage, deed of trust, or lien remains on the Property, the Grantee takes the Property SUBJECT TO that encumbrance unless released. This gift does not satisfy or assume any such debt unless expressly stated.

Specific Exceptions

1. [LIEN/ENCUMBRANCE DESCRIPTION] — Recorded at Document No. _________, [RECORDING DISTRICT] Recording District
2. [EASEMENT DESCRIPTION] — Recorded at Document No. _________, [RECORDING DISTRICT] Recording District

☐ See Exhibit B for additional exceptions

DELIVERY AND ACCEPTANCE

Delivery

A gift of real property is complete only upon delivery by the Grantor with present donative intent and acceptance by the Grantee. The Grantor declares that this Gift Deed is delivered to the Grantee (or recorded for the Grantee's benefit) as a completed present gift.

Donee's Acceptance

The undersigned GRANTEE/DONEE hereby ACCEPTS this gift of real property.

________________________________________
[GRANTEE NAME] — Signature of Donee
Date: ___________________________________

GIFT-TAX NOTE (Federal)

FEDERAL GIFT TAX (NOTICE TO DONOR). A gift of real property may be a reportable gift (26 U.S.C. § 2501 et seq.). The donor — not the donee — is generally liable for any federal gift tax (26 U.S.C. § 2502).

• Annual exclusion: $19,000 per donee for 2026 (indexed). A real-estate gift typically exceeds this, so the donor will usually need to file IRS Form 709.
• Lifetime exemption: $15,000,000 per donor for 2026 (26 U.S.C. § 2010(c)(3), as amended). Filing Form 709 does not mean tax is owed; the taxable amount is applied against this exemption.
• Carryover basis (26 U.S.C. § 1015): The donee generally takes the donor's adjusted cost basis (carryover basis), NOT a stepped-up basis — which can create capital-gains tax for the donee on a later sale.

Consult a qualified tax advisor before completing this gift.

EXECUTION

EXECUTED this _____ day of _________________, 20_____.

GRANTOR SIGNATURE(S)

Individual Grantor / Donor:

________________________________________
[GRANTOR NAME]

Spouse of Grantor (REQUIRED for homestead property per AS 34.15.010):

________________________________________
[SPOUSE NAME]

Entity Grantor:

[ENTITY NAME]

By: ____________________________________
Name: __________________________________
Title: _________________________________

ACKNOWLEDGMENT

Individual Acknowledgment (Alaska)

STATE OF ALASKA              )
                             ) ss.
[JUDICIAL DISTRICT]          )

On this _____ day of _________________, 20_____, before me, a Notary
Public in and for the State of Alaska, personally appeared
____________________________________________, known to me (or proved
to me on the basis of satisfactory evidence) to be the person(s)
whose name(s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the
person(s) acted, executed the instrument.

WITNESS my hand and official seal.

________________________________________
Notary Public in and for Alaska
My Commission Expires: _________________

[NOTARY SEAL]

Entity Acknowledgment (Alaska)

STATE OF ALASKA              )
                             ) ss.
[JUDICIAL DISTRICT]          )

On this _____ day of _________________, 20_____, before me, a Notary
Public in and for the State of Alaska, personally appeared
____________________________________________, known to me to be the
_________________________ [title] of _________________________________
[entity name], the entity that executed the within instrument, and
acknowledged to me that such entity executed the same.

WITNESS my hand and official seal.

________________________________________
Notary Public in and for Alaska
My Commission Expires: _________________

[NOTARY SEAL]

EXHIBIT A - LEGAL DESCRIPTION

Property Address:
[STREET ADDRESS]
[CITY], Alaska [ZIP]

Recording District: [RECORDING DISTRICT NAME]

Legal Description:

[INSERT COMPLETE LEGAL DESCRIPTION FROM TITLE COMMITMENT OR SURVEY]

Example formats:

• Lot ___, Block ___, [SUBDIVISION NAME], according to the official plat thereof, filed under Plat No. _________, records of the [RECORDING DISTRICT] Recording District, State of Alaska.
• [METES AND BOUNDS DESCRIPTION]
• U.S. Survey No. _____, Alaska

EXHIBIT B - SPECIFIC EXCEPTIONS (If Applicable)

1. ________________________________________________________________
2. ________________________________________________________________
3. ________________________________________________________________

ALASKA RECORDING REQUIREMENTS

Recording Districts

Alaska has 34 Recording Districts. File at the Recording District where the property is located.

Filing Information

• Filing Office: Alaska Department of Natural Resources, Recorder's Office
• Recording Fee: $20.00 for first page + $5.00 per additional page
• Transfer Tax: Alaska does NOT impose a real estate transfer tax (no gift-specific exemption needed because no transfer tax exists)

Document Requirements

☐ Original signatures required
☐ Proper acknowledgment before notary public or other authorized officer (AS 34.15.150)
☐ Legible and reproducible
☐ Both spouses must sign for homestead property (AS 34.15.010)
☐ Grantee's address stated for tax statements

Statutory References

• AS 34.15.010 — Conveyance of land; homestead requires both spouses
• AS 34.15.030 — Form of warranty deed
• AS 34.15.150 — Acknowledgment requirements
• AS 40.17.110 — Recording requirements

TITLE INSURANCE NOTICE

IMPORTANT: Because a gift deed conveys with limited or no warranty, and because Alaska does not imply warranty covenants, Grantee is STRONGLY ADVISED to obtain an owner's policy of title insurance from a licensed title insurance company.

☐ Grantee acknowledges receipt of this recommendation

SOURCES AND REFERENCES

• AS 34.15.010, .030, .150 (conveyances; deed form; acknowledgment) — http://www.akleg.gov/basis/statutes.asp#34.15
• AS 40.17.110 (recording requirements)
• IRS, What's New — Estate and Gift Tax (2026 exclusion amounts) — https://www.irs.gov/businesses/small-businesses-self-employed/whats-new-estate-and-gift-tax
• 26 U.S.C. §§ 2501, 2502 (federal gift tax); § 1015 (carryover basis)

END OF GIFT DEED

Alaska Statutes Title 34, Chapter 15