A "Quit Claim Deed" is a legal transfer of title in real property that basically transfers title "as is." Unlike a warranty deed, a quit claim deed makes no guarantees about the property or the title, it basically means the grantor is giving the grantee whatever right/interest in the property the grantor has, whatever that might be. If you mother-in-law transferred her entire interest in her home to one person, then that person is now the sole legal owner of the property. (There may be transfer tax owed to the state and/or county for the transfer, not to mention a reassessment of the taxes on the property due to the transfer). However, transferring legal title to the real estate does not transfer any ownership interest in personal property; i.e. automobiles (which have titles), furniture, decor, jewelry, etc.
Answered on Jul 03rd, 2012 at 2:10 PM