BoatWiki - Forms
This form may have legal and tax implications.
You should consult with an attorney or professional about any such concerns.
The Deed of Gift form is designed for transfers of ownership where a boat is gifted to another party or donated to charity. It serves the same purpose as a Bill of Sale except the Grantor receives no tangible compensation or payment. Although subject to change without notice, this version has proven acceptable to both state registration and federal documentation agencies. Usage of this form can have legal and taxation implications. You should consult with an attorney or tax professional about any such concerns.
The form is provided in Microsoft Word in order to facilitate any changes to its structure or textual content. It is also fielded and tabbable for your convenience. In making any non-fielded alterations, it will be necessary to select the "Unprotect" option from the "Tools" menu of your application. It can thereafter be "Form" protected again to regain the fielding.
Vessel Data: Ensure that all known identification numbers are listed as they
match both the boat itself and any title or registration certificates.
Grantor Names: These should match any supporting title, documentation, or registration certificates. A separate Deed of Gift should be used for any variations. This should also apply if the full legal names differ from that shown on the certificates. Grantee Names: These should be the full legal names of the Grantees. Any methods of ownership should also be shown such as Joint Tenants, Tenants by the Entirety, etc. Consideration Received: There is no tangible or monetary consideration exchanged in a Deed of Gift, therefore it may be stated as "Not Applicable". Terms of Transfer: This is typical language common to most transactions. However, there may be circumstances where this should be changed. Consult with an attorney about any such concerns.
Signature: The form must be executed by all grantors along with the current date signed.
Name and Capacity of Persons Signing: This should 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 some state agencies are more relaxed in their Deed of Gift requirements, the Coast Guard is very stringent. All applicable fields should, therefore, be completed in precise terms.
Credits and References
3/7/2022 - Initiated by Team BoatWiki.