Notice of Liability Statement - Trustee & Transferee Received Property as a Gift. This example shows how to prepare the NOL statement to be attached to a gift tax transferee letter addressed to a trustee as transferee of property received from an individual as a gift in trust for the benefit of others. The statement should include a paragraph, if appropriate, that the gift tax return by the donor (executor) on Form 709 has been verified as filed except as noted.