This form is a Quitclaim Deed where the grantor is an individual and the grantee is an individual. Upon ordering, you may download the form in Word, Rich Text or Wordperfect formats.
A Quitclaim Deed is a legal document that is commonly used in Indianapolis, Indiana to transfer ownership of real property from one individual to another. It is a type of deed that specifically conveys whatever rights the granter (the person transferring the property) has in the property, without making any guarantees or warranties about the title of the property. In Indianapolis, Indiana, there are two main types of Quitclaim Deeds that are used for transfers between individuals: a Regular Quitclaim Deed and an Enhanced Life Estate Quitclaim Deed, also known as a Lady Bird Deed. 1. Regular Quitclaim Deed: This is the most common type of Quitclaim Deed used in Indianapolis. It is a straightforward document that transfers the property from one individual to another, without any warranties or guarantees. The granter simply releases any interest they have in the property to the grantee (the person receiving the property). This type of deed is typically used when both parties are familiar with the property and there are no concerns about the title. 2. Enhanced Life Estate Quitclaim Deed (Lady Bird Deed): This type of Quitclaim Deed is often used in Indianapolis, particularly in estate planning scenarios. It allows the granter to retain full control and ownership rights over the property during their lifetime, while also designating a remainder beneficiary (usually a family member or loved one) who will automatically receive the property upon the granter's death, without the need for probate. This type of deed grants the granter the right to sell, mortgage, or modify the property during their lifetime, without involving the remainder beneficiary. It offers flexibility and the ability to maintain control over the property until death. Overall, a Quitclaim Deed from Individual to Individual in Indianapolis, Indiana is a legal instrument used to transfer ownership of real property without any warranties or guarantees about the title. It provides a straightforward and efficient method of transferring property ownership between individuals. The two main types of Quitclaim Deeds used in Indianapolis are the Regular Quitclaim Deed and the Enhanced Life Estate Quitclaim Deed (Lady Bird Deed).A Quitclaim Deed is a legal document that is commonly used in Indianapolis, Indiana to transfer ownership of real property from one individual to another. It is a type of deed that specifically conveys whatever rights the granter (the person transferring the property) has in the property, without making any guarantees or warranties about the title of the property. In Indianapolis, Indiana, there are two main types of Quitclaim Deeds that are used for transfers between individuals: a Regular Quitclaim Deed and an Enhanced Life Estate Quitclaim Deed, also known as a Lady Bird Deed. 1. Regular Quitclaim Deed: This is the most common type of Quitclaim Deed used in Indianapolis. It is a straightforward document that transfers the property from one individual to another, without any warranties or guarantees. The granter simply releases any interest they have in the property to the grantee (the person receiving the property). This type of deed is typically used when both parties are familiar with the property and there are no concerns about the title. 2. Enhanced Life Estate Quitclaim Deed (Lady Bird Deed): This type of Quitclaim Deed is often used in Indianapolis, particularly in estate planning scenarios. It allows the granter to retain full control and ownership rights over the property during their lifetime, while also designating a remainder beneficiary (usually a family member or loved one) who will automatically receive the property upon the granter's death, without the need for probate. This type of deed grants the granter the right to sell, mortgage, or modify the property during their lifetime, without involving the remainder beneficiary. It offers flexibility and the ability to maintain control over the property until death. Overall, a Quitclaim Deed from Individual to Individual in Indianapolis, Indiana is a legal instrument used to transfer ownership of real property without any warranties or guarantees about the title. It provides a straightforward and efficient method of transferring property ownership between individuals. The two main types of Quitclaim Deeds used in Indianapolis are the Regular Quitclaim Deed and the Enhanced Life Estate Quitclaim Deed (Lady Bird Deed).
