Conditions Where the Use of a Quitclaim Deed is Appropriate

Several documents may be used in the transfer of property interest from one person to another. Two of these documents are; warranty deed and a quitclaim deed. Quitclaim deed is the main focus of this article. Take a look on some of the conditions where the use of a quitclaim is ideal as you read on. Here’s a good read about quit claim deeds, check it out!
The first instance is when adding a spouse name to the title of a property. The desire of a majority of couples is to co-own property after they are married. People find this to be a way of showing love to their spouse. It is essential that a spouse feels loved by the marriage partner. If a person is granted the permission to have interest on the property of the spouse mutual comfort is generated. After marriage, the available property such as land may be available for use by either of the spouse. A quitclaim deed help a married couple to prevent intrusion by third parties such as members of the extended family.
Some marriages do not survive until the death of the couples. The couple may experience some disagreements between them. The implication is usually a separation which may grow into a divorce. A person may lose interest in property that was previously co-owned if a divorce occurs. Removing the name of the spouse from the title of the property may become necessary. The quitclaim deed helps in ensuring that the name of the spouse is removed from the title of a particular property.
The quitclaim deed is also useful when transferring a property to a child. Ideally, the biological child of a person is normally a rightful heir of a person’s property. Adopted children also acquire the right to inherit the property of a foster parent. A parent may wish to allow his or her children to inherit property while the parent is still alive. The quitclaim deed is imperative in situations such as these since it allows the parent to surrender interest on a particular property to the child nor children. A quitclaim deed will help in the reduction of charges incurred to undertake the property transfer. The amount incurred when using a warranty deed is always higher than that involved when using a quitclaim deed. A quitclaim deed is of the essence when giving out gifts to other members of the family such as the siblings. Kindly visit this website https://www.ehow.com/how_2352387_transfer-land-ownership.html for more useful reference.
Between business partners a lot of transactions may be done. More success in a business partnership is attributed to high trust between partners. Different things may cause a partner to surrender ownership of a particular property to another business partner. Since the transfer may not constitute a sale of property, the use of a quitclaim deed is appropriate.

Introduce Yourself (Example Post)

This is an example post, originally published as part of Blogging University. Enroll in one of our ten programs, and start your blog right.

You’re going to publish a post today. Don’t worry about how your blog looks. Don’t worry if you haven’t given it a name yet, or you’re feeling overwhelmed. Just click the “New Post” button, and tell us why you’re here.

Why do this?

  • Because it gives new readers context. What are you about? Why should they read your blog?
  • Because it will help you focus you own ideas about your blog and what you’d like to do with it.

The post can be short or long, a personal intro to your life or a bloggy mission statement, a manifesto for the future or a simple outline of your the types of things you hope to publish.

To help you get started, here are a few questions:

  • Why are you blogging publicly, rather than keeping a personal journal?
  • What topics do you think you’ll write about?
  • Who would you love to connect with via your blog?
  • If you blog successfully throughout the next year, what would you hope to have accomplished?

You’re not locked into any of this; one of the wonderful things about blogs is how they constantly evolve as we learn, grow, and interact with one another — but it’s good to know where and why you started, and articulating your goals may just give you a few other post ideas.

Can’t think how to get started? Just write the first thing that pops into your head. Anne Lamott, author of a book on writing we love, says that you need to give yourself permission to write a “crappy first draft”. Anne makes a great point — just start writing, and worry about editing it later.

When you’re ready to publish, give your post three to five tags that describe your blog’s focus — writing, photography, fiction, parenting, food, cars, movies, sports, whatever. These tags will help others who care about your topics find you in the Reader. Make sure one of the tags is “zerotohero,” so other new bloggers can find you, too.

Create your website at WordPress.com
Get started