Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Quitclaim held until death

Posted on: 27th Aug, 2008 03:52 am
I own a house as my sole and seperate property. I want to prepare a quitclaim deed transfering the house to my current spouse and adult son to be recorded after my death. Is there a problem with them recording a quitclaim after my death. I live in Nevada.
Hi Jesse,

I guess a quitclaim deed should be recorded within a time period after it is signed. the time period varies from one state to another. But the deed can't be recorded after death. What you can use instead, is a transfer-on-death deed or beneficiary deed.

Take care
Posted on: 27th Aug, 2008 05:23 am
Hi jesse,

You can use a quitclaim deed in this scenario but you should retain a life estate on the property. The life estate will help you retain ownership rights till your death. But if you'd like to sell property during your lifetime, you'll have to take the consent of your heirs. Upon your death, the heirs can take over ownership rights.

Alternatively, you can use a lady bird deed provided it is approved by your state.

Regards,

Jessica
Posted on: 27th Aug, 2008 06:35 am
The better way is to have a will which transfers the property.

But, the way you describe is legal and will work. Make sure the deed is notarized and delivered to the grantees.
Posted on: 27th Aug, 2008 07:13 am
Thank you to all of you who took the time to respond. I appreciate your help.
Posted on: 28th Aug, 2008 12:59 am
if you use a quit claim deed to transfer your real property, i suggest that you'd better also place a life estate on the real property. it will make you to own the property untill you are gone.
Posted on: 02nd Sep, 2008 08:12 pm
Page loaded in 0.102 seconds.