Posted on: 18th Mar, 2009 12:15 pm
i have a rental home (with no mortgage) in a living trust and would like to transfer ownership to my son and daughter-in-law, but am not sure whether or not the quit claim deed would handle this specific type of transaction.
Hi nwarkansas,
I think a quitclaim deed would be enough to transfer property from the trust to your son and daughter-in-law. You are required to sign the deed as the trustee of the trust transferring the property to them as grantees. You need to consult a lawyer and get a deed with proper verbiage on it drafted by him.
I think a quitclaim deed would be enough to transfer property from the trust to your son and daughter-in-law. You are required to sign the deed as the trustee of the trust transferring the property to them as grantees. You need to consult a lawyer and get a deed with proper verbiage on it drafted by him.