Inglewood California Quitclaim Deed, for a Condominium, from Two Individual, one deceased, to an Individual

Name: Inglewood California Quitclaim Deed, for a Condominium, from Two Individual, one deceased, to an Individual
Brand: US Legal Forms
Rating: 4.67 (364 reviews)

Category:

California Real Estate - Deeds - Quitclaims

State:

California

City:

Inglewood

Control #:

CA-051-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantors are two Individuals, one deceased and one the surviving joint tenant, and the Individual Grantee. Grantors convey and quitclaim the described property to Grantee. This deed complies with all state statutory laws.

A Quitclaim Deed is a legal document used to transfer ownership of real estate from one party to another. In the case of an Inglewood California Quitclaim Deed for a Condominium, it specifically pertains to the transfer of ownership of a condominium unit located within the city of Inglewood, California. This type of deed is commonly used when the property is being transferred between two individuals, with one of them being deceased. The Inglewood California Quitclaim Deed for a Condominium from Two Individuals, one deceased, to an Individual involves the transfer of ownership rights from two parties to a single individual. It is a document that formally removes any interest or claim that the transferors have on the property and conveys it to the transferee. There may be different variations or subtypes of Inglewood California Quitclaim Deeds for a Condominium, depending on specific circumstances or unique situations. Some possible types could include: 1. Inglewood California Quitclaim Deed for a Condominium with Survivorship: This type of deed is applicable when there are multiple owners listed on the title, and upon the death of one owner, their share automatically transfers to the surviving owner(s). 2. Inglewood California Quitclaim Deed for a Condominium with a Life Estate: In this scenario, one of the individuals may retain a life estate, which means they have the right to occupy and use the property until their death, after which ownership fully transfers to the designated individual. 3. Inglewood California Quitclaim Deed for a Condominium with Specific Beneficiary: If one of the individuals wants to ensure that the property passes to a specific beneficiary upon their death, a quitclaim deed can be structured to include this provision. It is important to consult with a real estate attorney or legal professional to determine the most appropriate type of Inglewood California Quitclaim Deed for a Condominium, based on the specific circumstances and intentions of the parties involved.

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FAQ

Upon death of the transferor, the beneficiary must file a Change in Ownership Statement with the county assessor within 150 days of date of death in accord with Revenue and Taxation Code section 480(b).

California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.

In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.

How Do I Prepare the Transfer on Death Deed? Fill out all general required information about your identity and address.Name your beneficiary or beneficiaries.Sign and date the transfer on death deed before a notary public.Have the notarized deed recorded with your county clerk's office.

If the other owner is still alive, the property automatically passes to them under the Right of Survivorship. In this case, it is the responsibility of the executor or administrator to fill in and submit a Deceased Joint Proprietor form, along with a death certificate, to the Land Registry.

Sunset Date. California's legislation that originally authorized TOD deeds in 2016 contained a sunset provision automatically repealing the TOD statute on January 1, 2022?unless extended before that date.

The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.

If you register an account in TOD (also called beneficiary) form, the beneficiary you name will inherit the account automatically at your death. No probate court proceedings will be necessary; the beneficiary will deal directly with the brokerage company to transfer the account.

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Inglewood California Quitclaim Deed, for a Condominium, from Two Individual, one deceased, to an Individual

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