Quitclaim Deed Add Conditional Fields For Free

Signing Requirements: § 442.130 ? The grantor's signature must be notarized, while witnesses are not obligatory for a quitclaim deed. Another authorized officer can also acknowledge the grantor's signature. Recording Requirements: § 442.400 ? A quitclaim deed should be recorded with the County Recorder of Deeds.

General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.

A lawful quitclaim deed includes the grantor's full name, mailing address, and marital status; the consideration paid for the transfer; and the grantee's full name, mailing address, marital status, and vesting. Vesting describes how the grantee holds title to the property.

Grantors generally use a quitclaim deed in specific situations, such as transferring property from a parent to a child, transferring property to a spouse in a divorce, or transferring the property into a living trust.

A quit claim deed form must include the following information: the name, address, and signature of the grantor (the person transferring the property); the name, address, and signature of the grantee (the person receiving the property); a description of the property being transferred; the consideration (monetary value) ...

Quitclaim deed. A deed transferring only the interest in property of the grantor, without guarantees. It will convey only the interest in the property that the grantor possesses and not the property itself.

Quitclaim deeds are most often for transferring property between family members or to cure a defect on the title, such as a misspelling of a name.

A quitclaim deed is most often used to: Transfer interest in real property. A quitclaim deed is a legal instrument which is used to transfer interest in real property.

Quitclaims Are Taxable Events Unless the property goes to your spouse, quitclaiming is usually a taxable event and should be declared to the IRS using Form 709. Especially if you're passing a whole or part home ownership interest along to your adult children, the Internal Revenue Service is interested.

Use full legal names when you fill out the deed, and describe the property by both address and parcel number. Date and sign in front of a notary. To properly record the quitclaim deed, take the notarized document to the county recorder's office and file it with the clerk, paying applicable fees.