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STATEMENT OF GIFT INTENTION This statement of intent is an expression of my present plans, is subject to revocation or modification by me, and is not legally binding on me or my estate. As an expression
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How to fill out a statement of gift intention:

01
Start by identifying the donor and recipient: Provide relevant personal information such as names, addresses, and contact details for both parties involved.
02
Clearly state the intention: Clearly express the purpose and nature of the gift. Specify whether it is a one-time donation, an ongoing contribution, or any specific conditions or restrictions.
03
Describe the gift: Provide detailed information about the gift, including its value, description, and any accompanying documentation.
04
Include the date and signature: Sign and date the document to indicate your commitment to the gift intention and make it legally binding.
05
Review and consult with legal advisors if necessary: Before finalizing the statement, it is advisable to consult with legal professionals to ensure your intentions are accurately expressed and to address any potential legal implications.

Who needs a statement of gift intention?

01
Individuals making substantial or significant donations: People who are making large financial gifts or contributing significant assets may want to document their intentions to ensure clarity and avoid any misunderstandings.
02
Nonprofit organizations or institutions: Charitable organizations and other institutions may require a statement of gift intention to formalize and acknowledge donations, especially in cases where tax deductions or legal compliance are involved.
03
Estate planning purposes: Individuals who wish to include gifts as part of their estate planning may use a statement of gift intention to specify how their assets or properties will be distributed as gifts upon their death.
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A statement of gift intention is a legal document that outlines an individual's plan to gift a significant amount of money or assets to another person or organization.
Individuals who plan to gift a significant amount of money or assets are required to file a statement of gift intention.
To fill out a statement of gift intention, individuals need to provide details about the gift, including the amount or value of the gift, the recipient's information, and any conditions or restrictions.
The purpose of a statement of gift intention is to document and formalize a planned gift, ensuring clarity and legal validity.
Information that must be reported on a statement of gift intention includes the amount or value of the gift, the recipient's information, and any conditions or restrictions.
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