A Boston Massachusetts Quitclaim Deed from Husband and Wife to Husband and Wife is a legal document used to transfer ownership of a property from a married couple to themselves. This type of deed is commonly used when a couple wants to change the manner in which they hold title to a property. The Quitclaim Deed is a legal instrument that transfers any interest or claim the granters have in the property to the grantees. In this case, the husband and wife are both the granters (the ones giving up their interest) and the grantees (the ones receiving the interest). The deed effectively allows the couple to transfer the property between themselves, without involving any third parties. This type of deed is often used in cases where a couple wishes to modify how the property is owned. It can be used to change from separate ownership to joint ownership or vice versa. The deed essentially allows the couple to redefine their marital property rights. There are different variations of the Boston Massachusetts Quitclaim Deed from Husband and Wife to Husband and Wife, depending on the specific circumstances and intentions of the couple. These may include: 1. Joint Tenancy with Right of Survivorship: This type of deed creates a joint tenancy, where both spouses have an equal and undivided interest in the property. In the event of the death of one spouse, the surviving spouse automatically becomes the sole owner. 2. Tenancy by the Entirety: This deed form is only available to married couples and provides added protection and benefits. It offers similar joint ownership as joint tenancy, but with the added benefit that creditors of one spouse cannot seize the property to satisfy individual debts. 3. Tenants in Common: This deed form allows the couple to hold the property with unequal shares. Each spouse can specify their percentage of ownership. It is important to consult with a qualified attorney or real estate professional familiar with the laws and regulations in Massachusetts to ensure the correct type of deed is chosen based on the couple's specific goals and circumstances.
Boston Massachusetts Quitclaim Deed from Husband and Wife to Husband and Wife
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How to fill out Massachusetts Quitclaim Deed From Husband And Wife To Husband And Wife?
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FAQ
To change the names on a real estate deed, you will need to file a new deed with the Division of Land Records in the Circuit Court for the county where the property is located. The clerk will record the new deed.
One good reason to add a spouse to the deed of your home is for estate planning purposes, which may allow the property to transfer to your spouse outside the probate process, depending on the transfer language utilized in the granting clause. Another reason is for creditor purposes.
In order to change the owner(s) of record name(s) from maiden name to married name, a Marriage Certificate must be recorded at the Hampshire County Registry of Deeds. A deed must be recorded to add a spouse as an owner of record.
If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.
The quitclaim deed is the most commonly used deed in the purchase and sale of residential property in Massachusetts. It plays a fundamental role in the types of assurances the seller makes when transferring its rights, and in how the buyer takes title.
We recommend you consult with an experienced real estate lawyer for professional advice as each circumstance is unique. (Please note, the fee for our office to add someone to your deed is $650.00, plus recording costs and documentary stamps ? recordings costs are normally less than $50.00.)
You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
A Massachusetts quit claim deed is used to legally transfer land and buildings in Massachusetts from a grantor (seller) to a grantee (buyer). A quit claim deed is different from a warranty deed in that it does not provide any warranty as to whether or not the title is clear before the grantor bought the property.
The registry of deeds charges a fee of $125 to record the deed which the buyer pays. All deeds must be notarized by a notary public who must verify the sellers' identification through a state issued driver's license or acceptable form of identification.