Texas Quitclaim Deed from Corporation to Husband and Wife
Understanding this form
The Quitclaim Deed from Corporation to Husband and Wife is a legal document that transfers ownership of real property from a corporation (the Grantor) to a married couple (the Grantees). Unlike warranty deeds, which guarantee a clear title to the property, this quitclaim deed conveys only the interest the corporation may have in the property, without any warranties. This form is particularly useful when transferring property as part of estate planning or simplifying ownership among family members.
Key parts of this document
- Grantor Information: Details of the corporation transferring the property.
- Grantee Information: Names of the husband and wife receiving the property.
- Property Description: Specific details about the property being transferred, including its legal description.
- Reservation Clause: Statement reserving any oil, gas, or minerals by the Grantor.
- Survivorship Rights: Clauses indicating the joint tenancy relationship and rights of survivorship between the Grantees.
- Notary Section: Required acknowledgment of the transaction before a notary public.
Situations where this form applies
This form is used when a corporation wishes to transfer real estate to a husband and wife. Common situations include settling an estate, simplifying ownership among family members, or transferring property as part of a gift. It is suitable for real estate transactions where the corporation holds title to the property and no warranties regarding the title are needed.
Who this form is for
- Corporations looking to transfer property to married couples.
- Husbands and wives seeking to take title to property from a corporate entity.
- Legal representatives handling estates or property settlements involving corporate ownership.
Completing this form step by step
- Identify the parties involved: fill in the names of the corporation, husband, and wife.
- Specify the property by providing a detailed legal description.
- Include the reservation of oil, gas, and minerals clause, if applicable.
- Enter the date of execution and obtain the necessary signatures.
- Have the document notarized by a licensed notary public.
Is notarization required?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to provide a complete and accurate property description.
- Not including the necessary signatures or acknowledgment from the notary.
- Incorrectly identifying the ownership structure (e.g., tenants in common vs. joint tenancy).
Why complete this form online
- Convenience: Download and complete the form from the comfort of your home.
- Editability: Easily fill out the form, ensuring all necessary information is included.
- Reliability: Access legal forms drafted by licensed attorneys, ensuring compliance with state laws.
Key takeaways
- This Quitclaim Deed transfers property from a corporation to a husband and wife without warranties.
- Still requires notarization for legal validity.
- Useful for estate planning and simplifying property ownership between spouses.
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FAQ
Rates vary by state and law office but typically fall in the range of $200 to $400 per hour. Title companies routinely prepare quitclaim deeds in many states.
It does not convey muniment of title. Instead, unlike a warranty deed, which conveys property, a quitclaim deed only conveys whatever interest the grantor has at the time of the transfer.Despite all of this, quitclaim deeds are still a valid, if unreliable, means of transferring title to real property in Texas.
Gift the house When you give anyone other than your spouse property valued at more than $14,000 ($28,000 per couple) in any one year, you have to file a gift tax return. But you can gift a total of $5.49 million (in 2017) over your lifetime without incurring a gift tax.
Think about IHT implications potentially exempt transfer Be aware of the rules on gifts with reservation of benefit You will no longer be the legal owner of the property. Risk from outside parties. Don't forget capital gains tax.
Find the most recent deed to the property. It is best to begin with a copy of the most recent deed to the property (the deed that transferred the property to the current grantor). Create a new deed. Sign and notarize the deed. File the documents in the county land records.
To be valid, gift deeds in Texas further require the document set forth (1) the intent of the grantor, (2) the delivery of the property to the grantee, and (3) the gift to be accepted by the grantee. The one claiming the gift bears the burden to establish each of the elements.
A Texas quitclaim deed form is a specific type of deed that releases whatever interest is owned by the person signing the deed. The person that signs the deed does not guarantee that he or she owns or has clear title to the real estate described in the deed.
Laws Section 13.002. Recording This form must be filed at the Recorder's Office in the County Clerk's Office. Signing (Section 11.002(c)) The Grantor(s) has the choice of authorizing this form in the presence of Two (2) Witnesses or a Notary Public.
You can arrange to legally transfer the deed to your house to your children before you die. To do so, you sign a deed transfer and record it with the county recorder's office.