This form is a Quitclaim Deed where the Grantor is a Trust and the Grantee is a Trust. Grantor conveys and quitclaims the described property to Grantee. This deed complies with all state statutory laws.
Virginia Quitclaim Deed from Trust to Trust
Category:
State:
Virginia
Control #:
VA-033-77
Format:
Word;
Rich Text
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Description
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How to fill out Virginia Quitclaim Deed From Trust To Trust?
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FAQ
Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.
The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.
Once you sign a quitclaim deed and it has been filed and recorded with the County Clerks Office, the title has been officially transferred and cannot be easily reversed. In order to reverse this type of transfer, it would require your spouse to cooperate and assist in adding your name back to the title.
A quitclaim deed transfers title but makes no promises at all about the owner's title.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.