Connecticut Sample Letter to accompany Revised Quitclaim Deed
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How to fill out Sample Letter To Accompany Revised Quitclaim Deed?
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FAQ
A quitclaim deed is used to transfer interest in a property. For example, if you own your house before you get married and you'd like to add your spouse's name to the deed, you would ?quit claim? half of your interest in said house to your spouse.
Go to the county recorder's office and get a quitclaim form. Fill out the form and sign it before a notary to make the transfer legal. Go back to your county recorder's office to get the deed recorded so it becomes part of the official property record.
Laws. Recording ? A quit claim with the Registry of Deeds where the property is located. Signing ? The quit claim deed is required to be notarized AND signed with two (2) witnesses. If the notary public agrees, he or she may act as one (1) of the witnesses as well as the notary.
Your parents can put your name on the deed to their house. Many people might see this as a simple method of estate planning. However, it may be a bad idea.
To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorders office.
If youve recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorders office.
Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.
By adding another person to a deed, you are essentially gifting them a portion of the property's value, which may trigger the gift tax. Gift tax is a federal levy on transfers of money or property to another person while getting nothing, or less than full value, in return.
