The main purpose of the quitclaim deed is to relinquish rights or interests from one person to another, usually family members or spouses. In other words, a quitclaim deed transfers whatever interest an individual has in the property and no more.
A quitclaim deed differs from a grant deed in that a quitclaim has no warranties or guarantees of title. A quitclaim deed is utilized in certain situations usually involving family members. For instance, one spouse may use a quitclaim deed to transfer any interest he or she may have in property to another spouse.
The deed may even be required by the divorce court as part of a property settlement. A quitclaim deed may be used to transfer property into a living trust. We charge an affordable attorney fee for review and drafting of all deeds.
Keith F. Carr is an attorney practicing Bankruptcy, Divorce, and Estate Planning. Attorney Keith F. Carr has over 30 years experience. Founder of Law Offices of Keith F. Carr, located in San Francisco, San Jose, and Palo Alto, Ca.