Posted on: 10th Oct, 2010 02:13 pm
question #1:
i would like to quit claim deed my home to my married daughter. who is the grantee: (a) my daughter alone, or (b) my daughter and her husband?
queston #2:
does the grantee on a quit claim deed pay inheritance taxes?
questoin #3:
does the grantee on a quit claim deed have legal ownership of property immediately?
question #4:
in the case where the quit claim deed was prepared with legal forms from the internet, does an attorney need to be involved? i had planned to sign and have the document notorized at the county register of deeds without the expense of involving an attorney.
i would like to quit claim deed my home to my married daughter. who is the grantee: (a) my daughter alone, or (b) my daughter and her husband?
queston #2:
does the grantee on a quit claim deed pay inheritance taxes?
questoin #3:
does the grantee on a quit claim deed have legal ownership of property immediately?
question #4:
in the case where the quit claim deed was prepared with legal forms from the internet, does an attorney need to be involved? i had planned to sign and have the document notorized at the county register of deeds without the expense of involving an attorney.
Hi probinson,
If you want to transfer the property only to your married daughter, then she will be the grantee of the property. If you want to transfer the property both to your daughter and her husband, then both of them will be the grantees.
The grantee on a quitclaim deed will not have to pay the inheritance tax. Once the deed is signed and recorded at the county clerk's office, the deed will become legal and the grantee will have full rights to the property. It is better to take the help of an attorney while the deed is drafted and filled out.
Thanks
If you want to transfer the property only to your married daughter, then she will be the grantee of the property. If you want to transfer the property both to your daughter and her husband, then both of them will be the grantees.
The grantee on a quitclaim deed will not have to pay the inheritance tax. Once the deed is signed and recorded at the county clerk's office, the deed will become legal and the grantee will have full rights to the property. It is better to take the help of an attorney while the deed is drafted and filled out.
Thanks