Indiana 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
If you are adding a person to the deed, be sure to include your name as a Grantee as well. Once the document is completed, signed and notarized, you can submit your document with the correct fees. Please include separate checks or money orders for each office.
Indiana. In Indiana, a quitclaim deed must be notarized in order to make the transaction official. There must be a legal description of the property that matches other records for it.
Indiana. In Indiana, a quitclaim deed must be notarized in order to make the transaction official. There must be a legal description of the property that matches other records for it.
How do I add my spouse to my deed in Indiana? You will need to have the quitclaim deed notarized 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.
Prepare your document We recommend you contact an attorney to help you draft your document. You may find a draft deed online, through your local library, or another source. You can download this quit claim deed for simple transactions without warranties, such as adding/removing a person(s) to title.
Signing Requirements: Per Indiana Code § 32-21-2-3: The grantor's signature must be acknowledged by a notary public or other public officials.
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.
Deeds, power of attorneys, and other legal documents that involve legal consequences of actions must be prepared by an attorney.
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.
How do I add my spouse to my deed in Indiana? You will need to have the quitclaim deed notarized 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.
