Atlanta Georgia Quitclaim Deed from Corporation to Husband and Wife

State:
Georgia
City:
Atlanta
Control #:
GA-010-77
Format:
Word; 
Rich Text
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Description

This Quitclaim Deed from Corporation to Husband and Wife form is a Quitclaim Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and quitclaims the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws.

An Atlanta Georgia Quitclaim Deed from Corporation to Husband and Wife is a legal document that transfers ownership of a property from a corporation to a married couple. This type of deed is commonly used when a corporation wishes to convey a property to a husband and wife jointly, effectively allowing both individuals to become owners and assume all rights and responsibilities associated with the property. The Atlanta Georgia Quitclaim Deed from Corporation to Husband and Wife is specifically designed to ensure a smooth transfer of property with minimal risk and liability. By utilizing this method, the corporation makes no guarantees or warranties regarding the property's title, conditions or restrictions, but merely transfers its interest in the property to the couple. There is a variety of specific types of Atlanta Georgia Quitclaim Deeds from Corporation to Husband and Wife, each serving different purposes and circumstances. Some of these may include: 1. Standard Atlanta Georgia Quitclaim Deed from Corporation to Husband and Wife: This is the most common type of deed used to transfer property ownership from a corporation to a husband and wife. It outlines the names of the husband and wife, the legal description of the property, and any pertinent conditions or restrictions. 2. Atlanta Georgia Special Warranty Quitclaim Deed from Corporation to Husband and Wife: This type of deed provides additional assurances to the husband and wife by guaranteeing that the property was not encumbered during the time the corporation owned it. It may offer limited protection against any potential claims or issues arising after the transfer. 3. Atlanta Georgia Partial Quitclaim Deed from Corporation to Husband and Wife: In some cases, a corporation may choose to transfer only a portion of its property to a couple. This deed specifies the exact portion being conveyed, ensuring clarity and identifying any remaining ownership interests. 4. Atlanta Georgia Quitclaim Deed with Survivorship from Corporation to Husband and Wife: This type of deed is commonly used when couples wish to establish the right of survivorship. In the event of the death of either spouse, the property automatically transfers to the surviving spouse, bypassing the need for probate or a will. When arranging an Atlanta Georgia Quitclaim Deed from Corporation to Husband and Wife, it is highly recommended consulting with a qualified attorney or real estate professional to ensure all legal requirements and considerations are met. This will help safeguard the interests of both the corporation and the husband and wife, ensuring a seamless transfer of property ownership.

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FAQ

Georgia Gift Deed Information. Gift deeds convey title to real property from one party to another with no exchange of consideration, monetary or otherwise. Often used to transfer property between family members or to gift property as a charitable act or donation, these conveyances occur during the grantor's lifetime.

A Quit Claim Deed transfers ownership interest of the grantor to the grantee without any warranties or guarantees that title is good or that the property is free of liens or claims. The deed must describe the real property, full legal description. Be signed and notarized by the grantor with a witness.

Moving Forward Type of DocumentPrior Fee StructureNew FeeDeed of Transfer (e.g., Limited Warranty Deed, Quitclaim Deed)$10.00 for the first page, $2.00 for each add'l page$25.00Security Instrument or Modification of Security Instrument (e.g., Security Deed, ALR)$10.00 for the first page, $2.00 for each add'l page$25.006 more rows ?

You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.

Here are the steps to completing a deed transfer in Georgia: Names the Current Owner and New Owner. Contains a Description of the Property. Signed by Current Owner. Two Witnesses: Unofficial Witness & Notary Public. Complete a PT-61, Transfer Tax Form. Record Deed in County Real Estate Records.

If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. 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 recorder's office.

We recommend you consult with an experienced real estate lawyer for professional advice as each circumstance is unique. (Please note, the fee for our office to add someone to your deed is $650.00, plus recording costs and documentary stamps ? recordings costs are normally less than $50.00.)

The State of Georgia Transfer Tax is imposed at the rate of $1.00 per thousand (plus $0.10 / hundred) based upon the value of the property conveyed. Example: A property selling for $550,000.00 would incur a $550.00 State of Georgia Transfer Tax.

To change the names on a real estate deed, you will need to file a new deed with the Division of Land Records in the Circuit Court for the county where the property is located. The clerk will record the new deed.

One good reason to add a spouse to the deed of your home is for estate planning purposes, which may allow the property to transfer to your spouse outside the probate process, depending on the transfer language utilized in the granting clause. Another reason is for creditor purposes.

Interesting Questions

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It does not protect the grantee in the event that the grantor was dishonest about the property or their share of it. A quitclaim deed is often used in divorces or inheritance situations, when a spouse or heir gives up any potential rights to real estate.On the other hand, if you want to transfer the property to a spouse or a child, or for any non-sales transaction, you will need to use a Quitclaim Deed. A quitclaim deed transfers a seller's right to property to another party without completing the traditional sale process. On the other hand, if you want to transfer the property to a spouse or a child, or for any non-sales transaction, you will need to use a Quitclaim Deed. I am in homeowner in Atlanta , Ga, and my wife is in India. Timothy C. "Tim" Ra a, Old Republic National Title Insurance Company, Alpharetta. As found in the Official Code of Georgia Annotated (O. Servicing contract for deed agreements in the state of Georgia.

The purpose of filing a Quitclaim Deed to convey a nonowned item to a spouse, a child or a relative is to create more certainty for the grantee in title to the item. The grantee will not own the item, but the grantee will be given a written notice to sell the item, if any, or return the item to the granter, if the granter so chooses, and the granter may retain ownership rights of the item for a period of years.” Therefore, as a Quitclaim Deed has no “presumptive title” (presumptions of ownership for the purposes of Section 8.01-1(b) of the Uniform Legal Filing Act (46 U.S.C. Section 3021) do not exist in Georgia), there is no need for the grantee or purchasers to complete any transaction as a holder of a Quitclaim Deed.

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Atlanta Georgia Quitclaim Deed from Corporation to Husband and Wife