About Quit Claim Deeds for Living Trusts

A quit claim deed is a legal document transferring property from one person to another. A living trust is a legal document a person sets up prior to death stating wishes of distribution of their assets.

Description

A quit claim deed is a document that deeds property from one person, a grantor, to another, a grantee. Quit claim deeds are used when a person chooses to place property into a living trust. The person continues having rights to the property in the trust until the time of death. At that time, the assets including the deeded property are distributed accordingly.

Features

A quit claim deed simply gives away property from one person to another. It does not warranty or guarantee the condition of the property, though.

Regulations

Every state has different rules regarding quit claim deeds. Most states require the grantor of the deed's signature on the form; however, many states also require the signature of the grantee. All states require notarization of the form. If a person wants to remove property deeded into his living trust, the person consults an attorney and must get the deed invalidated; which can be complicated.

References

• MortgageFit.com: Quitclaim Deed, Document Transferring Property Interest
• LegalAce.com: Quit Claim Deeds
• BankRate.com: Understanding Quitclaim, Warranty Deeds on Property