What Are Quit Claim Deeds For

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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 “grantor” is the person (or persons) who is relinquishing his rights to the property. The “grantee” 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.

Article Source: http://depositarticles.com/

Visit www.legalhomeforms.com for more info on Quit Claim Deed.

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