Get Kentucky Quitclaim Deed From Husband And Wife To Husband And Wife

"A Quitclaim deed is defined as follows: A deed of conveyance operating by way of release; that is, intended to pass any title, interest, or claim which the grantor may have in the premises, but not professing that such title is valid, nor containing any warranty or covenants for title. Black's Law Dictionary.

Kentucky has not authorized transfer-on-death (TOD) deeds. Property owners in states that allow TOD deeds can record a TOD deed during life without giving up any rights in the property until the owner's death.

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.

How do I add my spouse to my deed in Kentucky? 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 recorders office.

In short, when selling property, all parties on the deed must sign to relinquish their interest therein. When buying property in Kentucky, if you are married, both spouses must sign mortgages associated with the property whether or not they appear on the note and deed.

Kentucky charges a real estate transfer tax for recording a deed that transfers real estate. The transfer tax rate is $0.50 per $500.00 of the property's value.

A deed must be recorded with the county recorder's office to effectively transfer property. The deed must contain the name of the first party, also called the seller or grantor, and their mailing address. It must also contain the name of the second party, the buyer or grantee, and their mailing address.

If the person to be removed is alive, then you will need a court order or their cooperation such that you can record a new deed that removes them. Quitclaim and warranty deeds are common solutions. If an owner of a property has passed away, you will need to transfer the property to the living owners.