This form is an Enhanced Life Estate Deed where the Grantor is an individual and the Grantees are five individuals. Grantor conveys the property to Grantees subject to a retained enhanced life estate. Further, the Grantor retains for life the right to sell, encumber, mortgage or otherwise impair the interest Grantees might receive in the future with the exception of the right to transfer the property by will. This deed complies with all state statutory laws.
Florida Deed Quitclaim Form With Notary
State:
Florida
Control #:
FL-07-82
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Florida Enhanced Life Estate Or Lady Bird Deed - Quitclaim - Individual To Five Individuals?
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FAQ
Hear this out loud PauseWhile the act of recording a quitclaim deed makes the transfer official in public records, Florida law does not mandate such recordation for the deed's validity. However, the state does emphasize the importance of recording the transfer of ownership interest in public records to maintain an accurate chain of title.
A quit claim deed should be filed with the clerk of court in the county where the property is located. This will involve taking the deed to the clerk's office and paying the required filing fee (typically about $10 for a one-page quit claim deed).
Hear this out loud PauseIn Florida, the grantor must sign a quitclaim deed in the presence of a notary public and have it witnessed by two disinterested parties. The notary must then sign and affix their official seal to the document.
Hear this out loud PauseIf you wish to remove someone from a deed, you will need their consent. This can be done by recording a new deed, which will require their signature. If the person in question is deceased, you will need their death certificate and a notarized affidavit along with the new deed.
Hear this out loud PauseQuitclaims are typically taxable The person giving the gift is responsible for paying tax, and the recipient doesn't have to report the gift at all. There are some exclusions, however. In 2022, one person can gift another person up to $16,000 in cash or assets in a calendar year without paying tax on the gift.