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A transfer on death (TOD) deed is like a regular deed you might use to transfer your Indiana real estate, but with a crucial difference: It doesn't take effect until your death.
What is an Indiana Quit Claim Deed? An Indiana quit claim deed form (sometimes called a quick claim deed or quitclaim deed) transfers Indiana real estate from the current owner (grantor) to the new owner (grantee) with no warrant of title.
A grantor that signs an Indiana warranty deed guarantees that the grantor owns the property, has the undisputed right to convey the property, and will defend the property against all claims?including claims that arose before the grantor owned the property.
In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person.
Certain information is required to transfer property from the current owner to the next, including the exact name of the current owner and the legal description of the property. The Property Report Card from the Assessor's Office may be helpful in locating this information, or your current tax bill.
Transferring Indiana real estate usually involves four steps: Locate the prior deed to the property. ... Create the new deed. ... Sign the new deed. ... Record the original deed.
A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property. The title is transferred without any amendments or additions.