Michigan Quitclaim Deed - Trust to Three Individuals

State:
Michigan
Control #:
MI-029-77
Format:
Word; 
Rich Text
Instant download

Description

This form is a Quitclaim Deed where the grantor is a Trust and the grantees are three individuals. Grantor conveys and quitclaims the described property to the grantees. Grantees take the property as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.

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  • Preview Quitclaim Deed - Trust to Three Individuals
  • Preview Quitclaim Deed - Trust to Three Individuals
  • Preview Quitclaim Deed - Trust to Three Individuals
  • Preview Quitclaim Deed - Trust to Three Individuals
  • Preview Quitclaim Deed - Trust to Three Individuals
  • Preview Quitclaim Deed - Trust to Three Individuals
  • Preview Quitclaim Deed - Trust to Three Individuals

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FAQ

A quitclaim deed transfers title but makes no promises at all about the owner's title.A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.

In Michigan, a quit claim deed must be signed by a witness, in addition to the notary, to make it legal.After all required signatures are collected and notarized, file the document with your local register of deeds to complete the transaction.

If the quitclaim deed requires the signature of all co-owners, the deed is invalid unless all co-owners have signed it and the deed is then delivered to the grantee.If one individual owns real estate and desires to add a co-owner such as a spouse, a quitclaim deed might be used.

Locate the deed that's in trust. Use the proper deed. Check with your title insurance company and lender. Prepare a new deed. Sign in the presence of a notary. Record the deed in the county clerk's office.

Yes, a quit claim deed supercedes the trust. The only thing that can be done is to file a suit in court challenging the deed as the product of fraud and undue influence. A court action like that will cost thousands of dollars, but might be worth it if the house was owned free and clear.

It's usually a very straightforward transaction, but it's possible for a quitclaim deed to be challenged. If a quitclaim deed is challenged in court, the issue becomes whether the property was legally transferred and if the grantor had the legal right to transfer the property.

Signing: § 565.201 requires that the grantor sign the document in front of a notary public. Recording: All quitclaim deeds in Michigan must be filed with the Michigan Register of Deeds in the county where the property is located.

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

No. And unless the deed identifies the trust as an owner, then father is the owner of an interest. It is a common mistake to set up a trust and then fail to deed property into the trust. However, you cannot force him to make the changes you are...

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Michigan Quitclaim Deed - Trust to Three Individuals