Alabama Deed Transfer Questionnaire

State:
Multi-State
Control #:
US-Q1010
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a transferring real property with a deed. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney's case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client's needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Does Alabama charge a transfer tax on real estate transfers? Alabama charges a deed tax on transfers of Alabama real estate. Unless an exception applies, a deed transfer tax must be paid when the deed is recorded. The transfer tax rate is $0.50 for every $500 (rounded up) of value of the property being conveyed.

Attorney Involvement All legal documents must be drafted by an attorney licensed to practice in the State of Alabama. Parties to a transaction can draft their own documents if they are doing so on behalf of themselves.

The deed should be signed by the current owner or owners, with each signature notarized using Alabama's statutorily approved acknowledgments. There is no need for the new owners (grantees) to sign the deed.

Unlike some states, Alabama does not currently allow the use of TOD deeds for real estate. Instead, other instruments such as joint tenancy or revocable living trusts are typically used to avoid probate when transferring real estate upon death.

A quitclaim deed is a legal document that transfers interests in property to another. The property that is commonly transferred by quitclaim deed includes a house, land, mobile home, or time share. A quitclaim deed is used often by divorcing couples to transfer property that was owned by the spouses.

How do I add my spouse to my deed in Alabama? You will need to have the quitclaim deed docHubd with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.

Deeds ? $. 50 per $500 of value or fraction thereof. (Also bills of sale.)

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Alabama Deed Transfer Questionnaire