This form is a Quitclaim Deed where the Grantors are husband and wife and the Grantee is a trust. Grantors convey and quitclaim the described property to grantee. This deed complies with all state statutory laws.
Massachusetts Quitclaim Deed - Husband and Wife to Trust
Category:
State:
Massachusetts
Control #:
MA-020-77
Format:
Word;
Rich Text
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FAQ
Yes, a quit claim deed supercedes the trust. The only thing that can be done is to file a suit in court challenging the deed as the product of fraud and undue influence. A court action like that will cost thousands of dollars, but might be worth it if the house was owned free and clear.
The advantages of placing your house in a trust include avoiding probate court, saving on estate taxes and possibly protecting your home from certain creditors. Disadvantages include the cost of creating the trust and the paperwork.
A trust will spare your loved ones from the probate process when you pass away. Putting your house in a trust will save your children or spouse from the hefty fee of probate costs, which can be up to 3% of your asset's value.Any high-dollar assets you own should be added to a trust, including: Patents and copyrights.
Locate your current deed. Use the proper deed. Check with your title insurance company and lender. Prepare a new deed. Sign in the presence of a notary. Record the deed in the county clerk's office. Locate the deed that's in trust. Use the proper deed.
How To Establish A Trust. You will need to retain an estate attorney to draft and execute your trust document. For a simple revocable or irrevocable trust, it may cost anywhere from $2,000 $5,000.
A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.
No. And unless the deed identifies the trust as an owner, then father is the owner of an interest. It is a common mistake to set up a trust and then fail to deed property into the trust. However, you cannot force him to make the changes you are...
In California, all property bought during the marriage with income that was earned during the marriage is deemed "community property." The law implies that both spouses own this property equally, regardless of which name is on the title deed.
Locate your current deed. Use the proper deed. Check with your title insurance company and lender. Prepare a new deed. Sign in the presence of a notary. Record the deed in the county clerk's office. Locate the deed that's in trust. Use the proper deed.