![]() ![]() Quitclaim deeds are also an excellent means to transfer real property into a living trust. Avoid the probate process through transfer into a living trust The process is very much similar to when one fixes a mistake in the title. Quitclaim deeds make it quick and easy to arrange properties after marriages or divorces. Add or remove a spouse or another individual from the titleĪlong with making corrections to the title, quit claim deeds can also add or remove a spouse from the title of the deed. Once such defects or inaccuracies are clarified using the quitclaim deed, a warranty deed or special warranty deed may be used to resolve any finer details about covenants in the transfer of property. The quitclaim deed can resolve all of these by using the correct and intended information for the title that then is notarized by a county or city official. Mistakes can be as simple as a spelling error in the name of the titleholder to something as complex as ambiguity around who the real title holder is. Quitclaim deeds are also an efficient means of correcting a mistake on the title without extra costs and time in legal litigations. Often using the quitclaim deed in these scenarios means that there is no sell on the property or money trading hands. Typical arrangements between family members include parents passing on their house to their adult children or siblings trading real property with each other. ![]() The grantor and the grantee then would either have knowledge about or be able to trust the claim to the title of the property. Since this deed offers the least amount of buyer protection, it is often used for transferring properties between people that trust each other-such as family members. Transfer real property between family members You would be surprised then to learn that there are a lot of practical and convenient uses for a quitclaim deed. By Stateīecause of the uncertainty that comes with quitclaim deeds, it is common to think that these documents are unreliable and aren’t worth the risk. ![]() Example: “Jon Adams conveys and quitclaims to Elizabeth Holmes the property located at 1 Hill Way.” Signing RequirementsĪ quit claim deed must be signed with either a notary public and/or witnesses ( see table). ![]()
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