This Quitclaim Deed from Husband and Wife to Corporation form is a Quitclaim Deed where the grantors are husband and wife and the grantee is a corporation. Grantors convey and quitclaim the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
A Fargo North Dakota Quitclaim Deed from Husband and Wife to Corporation is a legal document that transfers the ownership of a property from a married couple (husband and wife) to a corporation, using a quitclaim deed method. This type of transfer is commonly used when a couple wants to transfer the property ownership to their jointly-owned corporation. Keywords: Fargo North Dakota, Quitclaim Deed, Husband and Wife, Corporation, property transfer, ownership, legal document, quitclaim deed method, jointly-owned corporation. There are several variations of Fargo North Dakota Quitclaim Deed from Husband and Wife to Corporation, including: 1. General Fargo North Dakota Quitclaim Deed from Husband and Wife to Corporation: This is the standard quitclaim deed that allows the seamless transfer of property ownership from a married couple to their corporation. It involves the granters (husband and wife) relinquishing any and all rights to the property, in favor of the corporation. 2. Fargo North Dakota Enhanced Life Estate, or "Ladybird" Deed from Husband and Wife to Corporation: This specialized quitclaim deed allows the married couple to retain a life estate, meaning they can continue to live in and use the property until their passing. Upon their death, the property automatically transfers to the corporation without the need for probate. 3. Joint Tenancy with Right of Survivorship Fargo North Dakota Quitclaim Deed from Husband and Wife to Corporation: In this type of quitclaim deed, the property is held in joint tenancy by the husband and wife, and upon the death of either spouse, the surviving spouse automatically inherits the other's share. If both spouses pass away, the property transfers to the corporation. 4. Fargo North Dakota Quitclaim Deed with Reserved Life Estate from Husband and Wife to Corporation: With this quitclaim deed, the married couple transfers the property to the corporation while reserving a life estate for themselves. The granters retain the rights to reside in and use the property until their death, at which point the corporation assumes full ownership. It is important to consult with a qualified attorney or real estate professional specializing in Fargo North Dakota property transactions to determine the most suitable type of quitclaim deed for the specific circumstances.
