This form is a Quitclaim Deed where the Grantor is a trust and the Grantee is an individual. Grantor conveys and quitclaims any interest Grantor might have in the described property to Grantee. This deed complies with all state statutory laws.
Hawaii Quitclaim Deed - Trust to Individual
Category:
State:
Hawaii
Control #:
HI-028-77
Format:
Word;
Rich Text
Instant download
Description
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FAQ
If the quitclaim deed requires the signature of all co-owners, the deed is invalid unless all co-owners have signed it and the deed is then delivered to the grantee.If one individual owns real estate and desires to add a co-owner such as a spouse, a quitclaim deed might be used.
Quitclaim deeds are most often used to transfer property between family members.Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.
Locate the deed that's in trust. Use the proper deed. Check with your title insurance company and lender. Prepare a new deed. Sign in the presence of a notary. Record the deed in the county clerk's office.
When you're ready to transfer trust real estate to the beneficiary who is named in the trust document to receive it, you'll need to prepare, sign, and record a deed. That's the document that transfers title to the property from you, the trustee, to the new owner.
A quitclaim deed can be used to transfer property from a trust, but a Special Warranty Deed seems to be a more common way to do this.
Transfer property quickly and easily using this simple legal form. You can use a quitclaim deed to:transfer property you own by yourself into co-ownership with someone else. change the way owners hold title to the property.
California Property TaxesTransferring real property to yourself as trustee of your own revocable living trust -- or back to yourself -- does not trigger a reassessment for property tax purposes. (Cal. Rev. & Tax Code § 62(d).)
A quitclaim deed is dangerous if you don't know anything about the person giving you the property. You should be sure that a person actually has rights to a property before signing it over with a quitclaim deed.