QUESTION
Need a review for a Quitclaim deed
Asked on Dec 21st, 2014 on Residential Real Estate - Virginia
More details to this question:
I need to remove my mother's name from the house deed. I used a standard Quitclaim deed form that I found on the internet. Will this be sufficient to get this done. Do I need a lawyer to review. I just want to make sure that will be no problem in the future if I decide to sell/rent the home with the absence of my mother.
1 ANSWER
No lawyer can tell you about a document without seeing it, but a "normal" quitclaim deed simply says the grantor hereby quitclaims unto the grantee all of her right, title, and interest in the following described property, then describes the property. Bear in mind that there can be a lot of issues arise from quitclaiming an interest in property-Medicaid eligibility is affected if the grantor is on Medicaid, a lower tax basis in the grantee when property is received by gift as opposed to devise, if the property is encumbered with a deed of trust, and a quitclaim deed may trigger a "due on conveyance" clause. It's worth your time and money to have a lawyer review the deed and your situation.
Answered on Dec 22nd, 2014 at 3:34 AM