Boat Deed of Gift
Boat Deed of Gift form with example and instructions.
The Deed of Gift form is designed for transferring ownership subject to a gift of the subject boat. This is a generic version that contains the necessary citations which should satisfy both state boat registration and federal vessel documentation agencies.
Form Example
An example of the Deed of Gift form is available in Adobe PDF format. This can be easily converted into your favorite word processing application for modification and editing purposes. If your system does not already have this capability, there are a number of free or subscription online internet services available that can provide such an accommodation.
Instructions
Vessel Data - Ensure that all known identification numbers are listed as they
match both the boat itself and any title or registration certificates.
Grantor Name - This should be the full legal name of the
grantor. However, corrective actions may be necessary it does not match any
related title, documentation, or registration certificates.
Grantee Name - This should be the full legal names of the
grantee. Any methods of ownership
should also be shown such as Joint Tenants, Tenants by the Entirety, etc.
Consideration Received - This is typically stated as "Not
Applicable" in a gifting situation. The listing of any material
considerations may have tax consequences.
Terms of the transfer - This is typical language common to most transactions. However, there may be circumstances where this should be changed.
These are not of concern with regard to required citations, although if an
attachment is referenced it must accompany the deed of gift. Consult with your attorney with any concerns
about such terminology .
Signature - The form must be executed by all owners. The current date signed
must also be included.
Name and Capacity of Persons Signing - This must properly identify all signatory parties.
Acknowledgement - The form should be signed in the presence of a Notary Public. In doing so, an
attachment may be used at the notary's discretion. If executed in a foreign country, the form may also need an apostille, especially for vessel documentation
purposes. Although notarization requirements may vary by state, it is an
absolute requirement for vessel documentation purposes
Usage Context
Some state agencies are more relaxed in their Deed of Gift requirements, although the Coast Guard is very stringent. All applicable citations should, therefore, be stated in precise terms.
Conclusion
The Deed of Gift is generally suitable for most jurisdictions, however, you should check with the respective agency about any such concerns. You may also wish to consult with an attorney about the legal ramifications of utilizing this form.
References and Referrals Comments - Suggestions - Corrections