Wisconsin Quitclaim Deed from Husband and Wife to Corporation
What is this form?
The Quitclaim Deed from Husband and Wife to Corporation is a legal document that allows a married couple to transfer their property rights to a corporation. Unlike a warranty deed, which provides guarantees about the property title, a quitclaim deed simply conveys whatever interest the grantors have in the property, with no warranties. This form is essential when transferring property ownership from individual homeowners to a corporate entity, ensuring clarity and legal validity in the transaction.
What’s included in this form
- Identification of the grantors (husband and wife) and grantee (corporation).
- Legal description of the property being conveyed.
- Parcel identification number and prior instrument reference.
- Clauses for the reservation of oil, gas, and minerals.
- Provisions for the apportionment of taxes between the parties.
- Signatures of grantors and acknowledgment by a notary public.
When to use this form
This quitclaim deed should be utilized when a husband and wife wish to transfer ownership of their property to a corporation. Common scenarios include a couple selling their home to a corporation they operate, or choosing to legally integrate their property holdings with their business assets. It may also be used in estate planning cases where the couple wishes to simplify property transfer to an entity for management purposes.
Who this form is for
- Married couples wanting to transfer property to their own corporation.
- Property owners seeking to simplify business transactions involving real estate.
- Individuals who manage properties under a corporate structure.
- Those wishing to clarify property interests without warranty guarantees.
Steps to complete this form
- Identify the parties involved by entering the names of the husband and wife as grantors and the corporation name as grantee.
- Describe the property in detail, using the legal description attached and specifying the parcel identification number.
- Indicate any reservations such as oil and gas rights that need to be retained by the grantors.
- Fill in the appropriate tax arrangements based on agreement between the grantors and grantee.
- Both grantors should sign the document in the presence of a notary public, who will then acknowledge their signatures.
Is notarization required?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to provide a complete and accurate legal description of the property.
- Not specifying any reservations regarding mineral rights.
- Omitting the signature of one or more grantors.
- Forgetting to have the document notarized, where applicable.
- Incorrectly filling out the tax apportionment section.
Benefits of completing this form online
- Convenience of downloading and printing the form instantly.
- Editability allows users to fill in their specific details easily.
- Reliability of having a form drafted by licensed attorneys.
- Access to version updates and legal compliance changes promptly.
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FAQ
But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.
Fill out the quit claim deed form, which can be obtained online, or write your own using the form as a guide. The person giving up the interest in the property is the grantor, and the person receiving the interest is the grantee.
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.
Step 1: Download the WI quitclaim deed form. Step 2: Fill in the appropriate information. Step 3: Add the name and return address of the person and place where you wish to have the deed sent when the Register of Deeds is done recording the information.
A quitclaim deed affects ownership and the name on the deed, not the mortgage. Because quitclaim deeds expose the grantee to certain risks, they are most often used between family members and where there is no exchange of money.Quitclaim deeds transfer title but do not affect mortgages.
To use a Quitclaim Deed to add someone to a property deed or title, you would need to create a Quitclaim Deed and list all of the current owners in the grantor section. In the grantee section, you would list all of the current owners as well as the person you would like to add.
A Quitclaim Deed must be notarized by a notary public or attorney in order to be valid.Consideration in a Quitclaim Deed is what the Grantee will pay to the Grantor for the interest in the property.
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.
Quitclaim deeds are most often used to transfer property between family members.Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.
