Gift Affidavits

What is a Gift Affidavit?

In the dissolution of marriage proceedings, motor vehicles can be an important piece. Sometimes, there can be multiple motor vehicles issue. Parties sometimes just consider cars, trucks, SUVs, or vans. But many forget watercraft like boats, jet skis, trailers, and even mobile homes. During a divorce proceeding, a family court judge has to divide all the marital property and debt in a just manner. At times, parties are able to settle their case. Sometimes, however, a judge may have to divide the marital property and debt after a trial. No matter the circumstance, it is important for parties to know how these motor vehicles are titled. Sometimes, they are in the name of one spouse or the other. This might be true where a vehicle was purchased prior to the marriage. More commonly perhaps, the motor vehicle may be in the name of the husband and wife jointly. In these cases, a gift affidavit can be an important part of concluding a divorce. A gift affidavit is a form signed by one spouse that gives the other spouse the ability to go to the department of motor vehicles to transfer the title in their own name. For example, let’s say there is a car in the name of the husband and wife. But in the divorce decree, the ex-wife is getting the car. In these instances, the ex-husband would often sign a gift affidavit authorizing the ex-wife to transfer the title in her individual name. This allows the ex-wife to then go to the department of motor vehicles to transfer the title. Without a gift affidavit, a party will often be unable to change the title to their individual name. It is always important to work with a family law attorney if you need a gift affidavit to ensure that it is properly prepared.

Contact a Missouri, Illinois, Kansas, Nebraska, and Oklahoma Property Division Lawyer Today Assisting Clients with Gift Affidavits

Contact Stange Law Firm, PC today to schedule your confidential half-hour consultation with one of our attorneys. You can contact us online or by calling any one of our locations throughout Missouri, Kansas, and Illinois. We have offices in St. Louis, Kansas City, Columbia, Springfield, Wichita, Tulsa, Chicago, Lincoln and beyond.

ABOUT

Helpful Information Regarding Property and Debt Division From our Webpage

We also have pages on numerous other topics related to property and debt division from our webpage, including the pages below and on our menu:
High Asset Divorce
If you are considering divorce and have a high net worth, it's important that you have legal counsel in your corner. It is also vital that you have an attorney that is diligent on your behalf.
Divorce Financial Planning
If you will be going through a divorce, conducting divorce financial planning can be critical to ensuring that you can move on with your life on sound financial footing.
Commingling Assets
In many divorce, parties own some assets prior to marriage and then buy additional assets after marriage. Often, these assets can end up being mixed together (or commingled). If this has happened in your case, it is important to work a diligent lawyer.
Transmutation
In some cases, a party might own certain property or assets prior to marriage. After marriage, the assets might become re-titled in joint names, which can result in the assets being transmuted into marital property. Our lawyers can help you if this is what has happened in your case.
Complex Property Distribution
In many high asset divorces, property distribution can be complex and complicated. Our attorneys can help you with difficult property distribution.
The Marital Home
The martial home can often be one of the most prized marital assets in a divorce. The marital residence can also be important as it relates to stability for children in divorce. Our lawyers can assist if this is the case for you.
Real Estate Appraisers
When residential or commercial property is owned in a divorce, ensuring that this property is properly valuated by a real estate appraisal can be critical in many cases. Our lawyer can help ensure you are refered to a competent real estate appraisal.
Trusts
Many parties have either created trusts for their family, or stand to inherit funds through a trust outside of the probate court. In many cases, this can be an important issue in a divorce in which our lawyers can help.
Inheritance
In many divorces, parties have either inherited, or stand to inherit, sums of money from their parents or other relatives. This can be a contentious issue in some cases in which our lawyers can help.
Investment Accounts
In many marriages, parties can have investments accounts where they are saving money in the hopes that they can have a better life, save for their retirement and have assets in which to provide their children and grandchildren. When a divorce takes place, it's vital that these assets be appropriately accounted for in the property division phase of a divorce.
Stocks and Bonds
Many married couples also have significant sums in stocks and bonds. It's vital to work with an attorney to have an accounting of what is out there and to ensure it is properly addressed in family court.
Life Insurance
Term life and whole life insurance policies are commonly held by parties in a marriage. When parties divorce, these life insurance policies can become critically important in terms of the possession of the policies, the beneficiaries that remain on them and who is to make the payments and/or have possession of the cash value in instance of whole life insurance.
Appreciation of Separate Property
In some dissolution of marriages, parties owned and possessed separate property prior to marriage. During the marriage, these assets can often increase in value due, in part, to the contribution of the other spouse. Our lawyers can help individuals in these instances.
Marital Debt
In many cases, debt can be a real problem as it relates to property distribution, albeit through support or marital debt. If that is the case in your divorce, our lawyers can assist.
Jumbo Mortgages
Jumbo mortgages can be an issue in some divorces. If this is the case for you, you can talk to our lawyers.
Property Issues for Unmarried Couples
For many unmarried couples, they can accumulate property and debt. When they separate, the property and debt they own together can become a contentious issue. Our lawyers can often help if this is the case through a partition action.
Quit Claim Deed
Some people wonder how to transfer title out of joint names after a divorce. Our lawyers can help explain how a Quit Claim Deed works.
Refinance
Many are not sure as well how to get a mortgage out of the names of both spouses after divorce. Find out more about refinance and divorce.
Gift Affidavits
Parties oftentimes have to transfer title to their vehicles as part of a divorce. Find out more about how gift affidavits work.
Commissioner to Sell Real Estate
Some divorcing parties are unable to work together to sell their real estate as part of the divorce. You might be interested in knowing more about the possibility of a Commissioner being appointed.
SLF Icon
Serving the St. Louis Metropolitan Area, Kansas City, Columbia, Springfield, Wichita, Topeka, Tulsa and Beyond in Missouri, Illinois, Kansas and Oklahoma

From our webpage, you can also read articles about family law, view informational videos, seminar videos, listen to our podcast, download our mobile application or view support calculators for MissouriIllinois and Kansas.

If you are looking to find and hire a child custody lawyer, contact us online or by phone to schedule a consultation at any of our convenient locations.

book-prenup-1

Prenuptial Agreements Line by Line

Aspatore Books from Thomson Reuters Westlaw
book-military-1

Strategies For Family Law Illinois

Aspatore Books from Thomson Reuters Westlaw
book-family-1

Strategies For Military Family Law

Aspatore Books from Thomson Reuters Westlaw

Protect Yourself By Understanding Your Options and Knowing Your Rights

GET HELP NOW

SLF Icon

MAIN OFFICE LOCATION

Stange Law Firm, PC

120 S. Central Avenue, Suite 450

St. Louis (Clayton), Missouri 63105

Toll Free: 855-805-0595
Fax: 314-963-9191
Group 144

DIVORCE HEADQUATERS APP

Contact Our Team

  • This field is for validation purposes and should be left unchanged.

Family Law Legal Services At Your Fingertips

FEATURED ARTICLES FROM THE STANGE LAW TEAM

When you choose us, you don’t have to sacrifice quality or service. You get the resources of a large family law firm AND the attentive service of a local attorney.

Should I Text My Lawyer?

Text messages (also known as SMS, short message service) are a common way of communicating. Instead of picking up the phone or drafting an email,

Read More
The Collaborative Divorce Process

•pull quote from Kirk out of video •other call outs •graph, table or other chart The Collaborative Divorce Process-Overview Collaborative divorce is a voluntary, contractually

Read More