Kansas Quitclaim Assignment of Assets
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How to fill out Quitclaim Assignment Of Assets?
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FAQ
You may either prepare it yourself or contact a real estate attorney to prepare it on your behalf. If you choose to prepare it yourself you will need a standardized form (Quit Claim Deed, Warranty Deed, Beneficiary Deed, any type of Affidavit, etc.) that meets Missouri formatting requirements.
Ing to § 58-2205, -2209, -2211 of State Law, the deed must be signed by both parties to the transaction. In addition, the form must be notarized. Once drafted and certified, the document must be recorded as soon as possible. This is to protect both parties and to ensure that the state is aware of property rights.
While only the grantor signs the quitclaim deed in Missouri, they must be notarized. Missouri charges a flat fee for the first page of the quitclaim deed filing around $20, and each additional page is around $3.
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.
Signing Requirements: § 442.130: The grantor's signature must be notarized, while witnesses are not obligatory for a quitclaim deed. Another authorized officer can also acknowledge the grantor's signature. Recording Requirements: § 442.400: A quitclaim deed should be recorded with the County Recorder of Deeds.
A Beneficiary Deed must be signed by the Grantor in the presence of a Notary Public and then properly recorded with the local County Recorder of Deeds office (where the real property is located). A Beneficiary Deed must be recorded to become effective under Missouri law. The Grantee does not sign such deed.
Missouri real estate is transferred using a legal document called a deed. A deed transfers real estate from its current owner (the grantor or transferor) to a new owner (the grantee or transferee). A Missouri deed must meet the requirements of Missouri law to be valid and eligible for recording.
Reviewed by Susan Chai, Esq. A Kansas quitclaim deed helps transfer real property without providing any covenants or warranties on the property title. The document is used to transfer property between family members or individuals with a preexisting relationship of trust.
