Free Gift Declaration Template
Gift Declaration
I. Introduction
This Gift Declaration is issued by [YOUR NAME], the undersigned, on [DATE], in accordance with the requirements of [FINANCIAL INSTITUTION NAME] for the purpose of verifying the source of funds for a gift used in [PURPOSE OF FINANCIAL TRANSACTION].
II. Declaration of Gift
I, [YOUR NAME], hereby declare that I have gifted the sum of [AMOUNT IN DOLLARS] (USD [AMOUNT IN WORDS]) to [RECIPIENT'S NAME] as a [DESCRIPTION OF GIFT, E.G., MONETARY GIFT, DOWN PAYMENT FOR PROPERTY, ETC.]. This gift was made on [DATE OF GIFT] and is provided without any expectation of repayment or consideration.
III. Source of Funds
The funds used for this gift were obtained through [DESCRIPTION OF SOURCE, E.G., PERSONAL SAVINGS, INHERITANCE, ETC.]. I certify that these funds are free from any illegal or fraudulent activities and have been lawfully acquired.
IV. Purpose of Gift
The gift is intended to be used by [RECIPIENT'S NAME] for the purpose of [PURPOSE OF USE, E.G., PURCHASING A HOME, COVERING EDUCATIONAL EXPENSES, ETC.]. I understand that the gift may be subject to certain restrictions or conditions imposed by [FINANCIAL INSTITUTION NAME].
V. Acknowledgment of Legal Implications
I acknowledge that providing false or misleading information in this declaration may result in legal consequences, including but not limited to prosecution for fraud. I affirm that the information provided herein is true and accurate to the best of my knowledge.
VI. Signature
I hereby affix my signature to this Gift Declaration in the presence of the undersigned witnesses.
[YOUR NAME]
Date: [DATE]
