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New York Quitclaim Deed from Husband and Wife / Two Individuals to...

Yonkers New York Quitclaim Deed from Husband and Wife / Two Individuals to Three Individuals

Name: Yonkers New York Quitclaim Deed from Husband and Wife / Two Individuals to Three Individuals
Brand: US Legal Forms
Rating: 4.88 (222 reviews)

Category:

New York Real Estate - Deeds - Quitclaims

State:

New York

City:

Yonkers

Control #:

NY-038-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantors are Husband and Wife, or two individuals, and the Grantees are three individuals. Grantors convey and quitclaim the described property to Grantees. This deed complies with all state statutory laws.

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FAQ

Interspousal Agreement. A written document, signed by both members of a married couple, which declares their intent to separate community property or otherwise transfer property between them.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

A spousal beneficiary rollover is a transfer of fund assets to the surviving spouse of the deceased account holder. Funds are either rolled over into the spouse's account or the decedent's account is renamed with the surviving spouse as the new owner.

Record the deed and submit the PCOR at the Recorder's Office in the county where the property is located. If you attached the property description (instead of typing it out), be sure to include the attachment when you record the Interspousal Transfer Deed.

Terms in this set (4) In which of the following situations could a quitclaim deed NOT be used? c. The answer is to warrant that a title is valid.

In New York State, a quitclaim deed is often the easiest and quickest way to convey the property, but it's not necessarily the best. This type of deed is often used to convey property between family members as a gift, as a result of divorce, or to place the real property into a trust.

An interspousal transfer deed, more technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, such as a house, to one person in a marriage. They are commonly employed in divorce cases to transfer community property to one spouse.

Interspousal transfers of cash and separate property are usually not taxable. 26 U.S. Code §1041 provides that a transfer between spouses, or former spouses when ?incident to divorce?, is not taxable in most circumstances. The transfer is treated as a gift.

Property can be transferred between two spouses to one spouse, or from one spouse to the other, by using this type of deed. Interspousal deeds can be used in other ways as well. For example, a mortgage lender may ask the spouse of the borrower to sign an interspousal transfer deed.

Legal Definition of interspousal : being between spouses interspousal gifts.

Yonkers New York Quitclaim Deed from Husband and Wife / Two Individuals to Three Individuals

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FAQ

What is an Interspousal agreement?

How do I add someone to my deed in NY?

What is a spousal transfer?

Where do I file an Interspousal transfer deed in California?

In which of the following situations could a quitclaim deed not be used?

How do I transfer property to a family member quickly and effectively in NY?

What does Interspousal transfer mean?

Is an Interspousal transfer a gift?

Who signs an Interspousal transfer deed?

What does Interspousal mean?

Interesting Questions

What is a quitclaim deed?

Why would a husband and wife want to use a quitclaim deed?

Who are the 'Three Individuals111448' mentioned in the deed?

Is the quitclaim deed the same as a warranty deed?

Should I consult a lawyer before using a quitclaim deed?

Can a quitclaim deed be used to remove a person's name from a property title?

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