If you are married and want your wife to share your property, how can you bring her into your property title? You can simply sign Free Quick Claim Deed Form transferring certain part of property to her.
A Free Quick Claim Deed Form is generally drawn for bringing in third person into the title of the property and making him/her co-owner or quitting the claim to the certain part of the property on behalf of other person. Even, certain co-owners can be removed from the title, through Quick Claim Deed Agreement. Such transfers can be carried out, either by selling part property title or through Gift. Once the formalities of title transfer is completed, the signed document/deed is given to the transferee and legally binding on both parties.
The person, who is transferring the part property title, is known as Grantor and the person receiving the transfer is called as Grantee. The transfer also does not bind the Grantor for any liability attached to the property. The transfer is only applicable to the title held by the person making the transfer. Thus, it is always advisable that, the Grantee should make thorough check on the property title and state requirements on such transfers, before accepting the transfer.
It is also to be noted that, the signing of Free Quick Claim Deed Form, makes it legally binding document and binds the Grantor with the transfer clause in the deed. If, for any reason, the Grantor has second thought regarding the title transfer after signing the deed then, it is not possible to reverse or stop the transfer.
Though, the Grantor may file a suit in the court of law requesting repossession of the property, but it is very difficult to prove the reasons for blocking the property transfer. Hence, one should think twice before signing such contract, because title, once transferred remains transferred and can not be stopped. The advice of the lawyer should always be taken before signing of Quit Claim Transfer deed.
Medicaid long term care benefits of the Grantor is also affected by the transfer, as transferring the title below prevailing market value may affect these Medicaid benefits. The consultation with the Medicaid should be carried out before opting for the transfer.
There are many sites offering Free Quick Claim Deed Form and the user can easily download and print them for their own use.
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