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 A revocable trust vs quit claim deed?

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jilljill
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PostSubject: A revocable trust vs quit claim deed?   A revocable trust vs quit claim deed? Icon_minitimeTue Nov 30, 2010 1:43 am

A Quit Claim or Grant Deed would only be used if you want to convey the property to someone else right now and have no further interest in it. A trust would be a much better way to make sure that your property goes to your heirs. You can hold title in a trust and state their interest to the property in the details of that trust.
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stela
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PostSubject: Re: A revocable trust vs quit claim deed?   A revocable trust vs quit claim deed? Icon_minitimeFri Dec 03, 2010 9:30 am

The most common use for a quitclaim deed is a divorce in which one party is granting the other full rights to, and eliminating any interest in, a property in which both parties held an interest. If a husband and wife own a home and divorce, and the wife acquires the home in the decree, the husband would enact a quitclaim deed to eliminate interest in the property.
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bombaypalace
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PostSubject: Re: A revocable trust vs quit claim deed?   A revocable trust vs quit claim deed? Icon_minitimeMon Apr 04, 2011 11:53 pm

the wife acquires the home in the decree, the husband would enact a quitclaim deed to eliminate interest in the property.
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A revocable trust vs quit claim deed? Empty
PostSubject: Re: A revocable trust vs quit claim deed?   A revocable trust vs quit claim deed? Icon_minitime

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