Anyone who has had to go through a legal process (and that's practically
everyone) knows that there is a plethora of papers involved. One of the
most common types of legal papers is a quit claim deed. This is basically
documentation that allows a person to give away his rights to a piece of
property to another person or entity. In effect, the person who signs the
quit claim deed transfers the right to ownership of that property to
someone else. A quit claim deed is most often used in dealing with
family issues. A divorce, for example, often involves a quit claim deed.
If a married couple is going through a divorce, and say the house and
land is to go to the wife, she may ask the husband to sign a quit claim
deed. The result will be that the husband will have no legal rights to
the property anymore. The process may apply in the opposite manner - the
wife signs a quit claim deed in favor of the husband.
This can also be done between other family members. Say the parents of
two siblings are deceased and one child does not want to retain any
rights over a piece of property passed on by their parents. This child
may opt to sign a quit claim deed, which gives over his rights of
ownership to the other sibling. How do you execute a quit claim
deed? The process is relatively easy. The first step is to get a legal
description of the property in question. The more information that you
have in this regard, the better it is. The next step is to acquire a
blank quit claim deed form. You can buy this at most bookstores or office
supply stores. You may even blank forms online. You then need to fill
this form out. This is where you have to be careful as even the tiniest
error in the form may invalidate it legally. Double check your figures
and facts, and make sure that your handwriting is legible. Take note that
the -œgrantor-• is the person (or persons) who is relinquishing his
rights to the property. The -œgrantee-• is the person who is receiving
the rights to the property. Once the quit claim deed is fully filled
out, all the people involved have to meet at a notary public's office.
This means that all the grantors and grantees have to be present, and
sign the document in front of the notary public. He will then notarize
the form, making it legally binding. Make sure that you create
photocopies of the quit claim deed for your own files. The last step
is to record the quit claim deed at the county clerk's office. This will
require a small fee, but it is a necessary step to formally legalizing
the agreement between the grantors and the grantees. A quit claim
deed is a legal document used to relinquish the rights to a property by
one person (the grantor) to another (the grantee). You can find blank
quit claim deeds online to make it easier for you to fill them out
properly. Visit http://www.legalhomeforms.com for more info on Quit
Claim Deed.
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