Kentucky Gift Deed of Nonparticipating Royalty Interest with No Warranty
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How to fill out Gift Deed Of Nonparticipating Royalty Interest With No Warranty?
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FAQ
Hear this out loud Pauselaw shall not prevent a person (not holding himself out as a practicing attorney) from writing a deed, mortgage, or will.
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.
Hear this out loud PauseThe grantor must sign the deed and signatures must be acknowledged (notarized). The grantor and grantee must sign the consideration statement and the signatures must be notarized. The document must be filed in the county clerk's office of the county where the property is located (or the greater part).
The tax is computed at the rate of $. 50 for each $500 of value or fraction thereof. A deed cannot be recorded unless the real estate transfer tax has been collected.
How much is a quitclaim deed in Kentucky? File a quitclaim deed on your property from your old name to your new name and file it with the Jefferson County Clerk's Office. There is a $17.00 fee to file this document.
Hear this out loud PauseA Non-Participating Royalty Interest (NPRI) is an interest in oil and gas production which is created from the mineral estate. Like the plain ?royalty interest? it is expense-free, bearing no operational costs of production.
Hear this out loud PauseHowever, preparation of deeds and mortgages constitutes the practice of law and must be prepared by an attorney.
