This form is a Quitclaim Deed where the Grantors are Husband and Wife and the Grantee is either the husband or the wife. Grantors convey and quitclaim the described property to Grantee generally pursuant to divorce or court order. This deed complies with all state statutory laws.
Mesa Arizona Quitclaim Deed from Husband and Wife to Either the Husband or the Wife
Category:
State:
Arizona
City:
Mesa
Control #:
AZ-069-77
Format:
Word;
Rich Text
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How to fill out Arizona Quitclaim Deed From Husband And Wife To Either The Husband Or The Wife?
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FAQ
Legal Definition of interspousal : being between spouses interspousal gifts.
A quitclaim deed is one of the common options to transfer ownership of a property in Arizona. Quitclaim deeds can be used in a variety of situations to legally transfer property to a trust, co-owner, or different ownership structure.
A spousal beneficiary rollover is a transfer of fund assets to the surviving spouse of the deceased account holder. Funds are either rolled over into the spouse's account or the decedent's account is renamed with the surviving spouse as the new owner.
An Arizona quit claim deed is used to transfer property from one person (grantor) to another (grantee) without any warranty as to whether the title is clear. In other words, the person transferring the property is not making any warranties against other claims to the property from others.
Property can be transferred between two spouses to one spouse, or from one spouse to the other, by using this type of deed. Interspousal deeds can be used in other ways as well. For example, a mortgage lender may ask the spouse of the borrower to sign an interspousal transfer deed.
An interspousal transfer deed, more technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, such as a house, to one person in a marriage. They are commonly employed in divorce cases to transfer community property to one spouse.
Interspousal transfers of cash and separate property are usually not taxable. 26 U.S. Code §1041 provides that a transfer between spouses, or former spouses when ?incident to divorce?, is not taxable in most circumstances. The transfer is treated as a gift.
The quitclaim deed would transfer title from the community or joint property to separate property. A quitclaim deed is legally binding. The transferring spouse eliminates his rights to the property after signing it.
An interspousal transfer deed, more technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, such as a house, to one person in a marriage. They are commonly employed in divorce cases to transfer community property to one spouse.
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.