Get Wisconsin Quit Claim Deed

A quitclaim deed will remove the out-spouse (or departing spouse) from the title to the property, effectively relinquishing their equity or ownership in the home. The execution of a quitclaim deed is typically a requirement of a divorce settlement in order to complete the division of assets.

Quitclaim deeds lack certain protections and promises found in other types of deed to real property. Because of this, they should only be used under certain circumstances. These include transferring real estate between close family members, for instance, from a parent to a child.

In fact, taxes may be due on a quit claim deed even when the property is transferred between spouses. With such transfers, if the property is mortgaged, then tax is generally due on half of the outstanding balance.

A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.

The legal term quitclaim can be used generally to mean "abandoning any claim on a property," or more specifically for a type of legal document that does the same thing. A quitclaim allows a person to transfer property to another person with a simple deed.

Wisconsin Quitclaim Deed Laws § 706.10(4). Signing - The State of Wisconsin requires that all quitclaim deeds be notarized by a Notary Public (§ 706.06). Recording - Once the quitclaim deed has been signed, it must be filed with the County Register of Deeds in the county where the property is located.

Execution Requirements for Oklahoma Deeds Signatures. The current owner of the transferred real estate must sign an Oklahoma deed. ... Notarization. The current owner's signature must be acknowledged under seal by a notary or other authorized officer. ... Spousal Signature for Homestead. ... Trust as Party.

Per state law, an Oklahoma quitclaim deed must be in writing, describe the property, and be signed by the grantor. The grantor's signature must be acknowledged, and the deed must be recorded. When recording the deed, you will need to pay a recording fee and a documentary stamp tax, which is a transfer tax.