Learn more about quitclaim deeds and how to use them. Power of attorney is essential in the event that you're incapacitated or not physically present to make decisions on your own behalf. Learn more in our in-depth guide. Last Wills. You want to make sure you have all your assets covered, but did you know that not all property can be bequeathed through a last will and testament?
When dividing property for a divorce, a quit claim deed can be a useful tool. Living Trusts. Determining if you need an attorney to create a trust is the first question to ask yourself in this process. A quit claim deed will remove your ex-spouse from the title of real-estate you've been awarded in your divorce. What can you do if your ex won't sign it? By drafting a living trust, designating beneficiaries, and holding property jointly, you may be able to avoid probate.
Real Estate and Business. Buying or selling real estate often involves the use of a warranty deed. Be sure you understand the effect and use of this important title transfer document.
An irrevocable living trust can provide benefits not available with a revocable trust. Learn how an irrevocable trust can avoid taxes, protect property from creditors, and preserve property if Medicaid or other government benefits become desirable. Writing a will is one of the most important things you can do for yourself and for your loved ones, and it can be done in just minutes.
Are you ready to get started? Jay Pink is an attorney who works with businesses and families on estate planning, and business law matters. Having his CPA license, and working in multiple family businesses over his career has positioned him to provide valuable insight on successful business operations. Skilled in the details of complex corporate transactions, I have 15 years experience working with entrepreneurs and businesses to plan and grow for the future.
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SaaS Agreement for beta use for anyone. Home Types of Contracts Quitclaim. Jump to Section. Need help with a Quitclaim? Post Your Project It's Free. Get Bids to Compare. Our real estate lawyers can assist Boston residents and others in the purchase and sale of real estate, including deed drafting, title searches, and conveyances.
Many of our clients come from communities such as Hyde Park, Malden, or Lowell. You can call our property transactions attorneys at for a consultation, or you can complete our online form. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail.
The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. Practice Areas. Real Estate. Quitclaim Deeds. Quitclaim Deeds Boston Lawyers Skilled in Real Estate Matters In real estate transactions, the deed is the instrument that transfers ownership of property from one party to another.
Deeds can be classified in numerous ways. Broadly, deeds are either official or private. Official deeds are executed pursuant to court or legal proceedings, such as trustees ' deeds and tax deeds. Most property transactions, however, involve private deeds. Deeds are also categorized based on the type of title warranty provided by the grantor.
General warranty deeds provide the highest level of buyer protection, while quitclaim deeds typically provide the least. Quitclaim deeds are most often for transferring property between family members or to cure a defect on the title, such as a misspelling of a name. Although they are relatively common and most real estate agents have experience dealing with them, they are generally used in transactions where the parties know each other and are therefore more likely to accept the risks associated with the lack of buyer protection.
They may also be used when a property transfers ownership without being sold, that is when no money is involved. Because quitclaim deeds offer such limited buyer protection, it's important to understand exactly what you're getting when you buy property this way.
Here are five things to know about these contracts. Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only "remises, releases, and quitclaims" their interest in the property to the grantee. There are no warranties or promises regarding the quality of the title. The deed will clarify this by including language such as, "The Grantor makes no warranty, express or implied, as to title in the property herein described.
In situations where the grantor under a quitclaim deed has no interest in the property, the grantee acquires nothing by virtue of the quitclaim deed and acquires no right of warranty against the grantor.
Because quitclaim deeds make no warranty about the quality of the grantor's title, they are best for low-risk transactions between people who know each other and typically involve no exchange of money. Quitclaim deeds, therefore, are commonly used to transfer property within a family, such as from a parent to an adult child, between siblings, or when a property owner gets married and wants to add their spouse to the title. Married couples who own a home together and later divorce also use quitclaim deeds.
When one party acquires the home in a divorce settlement, the other may execute a quitclaim deed to eliminate their interest in the property and to comply with the court's decision.
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