Quitclaim Deeds Lawyers In West Palm Beach, Florida
In the process of transferring property ownership from one person to another, two types of legal instruments can be used – warranty deeds and quitclaim deeds. The main difference between the two is that warranty deeds come with warranties about the title to the property, while quitclaim deeds transfer the title with no warranties about the property’s title.
Quitclaim deeds are commonly used for transferring property within a family, such as from one family member to another, or for removing one partner’s name from a title during a divorce. They can also be used to put real estate into a trust or into a business entity. If you are considering giving property to a family member, getting married, or getting divorced, you may require the services of a quitclaim deed lawyer, such as Law Office of Ryan S. Shipp, PLLC in West Palm Beach, Florida. Our firm can assist you with the transfer of property in West Palm Beach and Palm Beach County, Florida along with answering any questions you may have. Contact us at 561.699.0399.
When Do You Need a Quitclaim Deed in West Palm Beach, Florida?
Quitclaim deeds are only suitable for specific situations, such as:
- Adding your spouse’s name to your title when getting married;
- Giving or receiving property during a divorce;
- Putting property into a trust;
- Putting property into an entity;
- Gifting property to a family member or another person; and
- Name changes on the title of the property
A quitclaim deed lawyer from Law Office of Ryan S. Shipp, PLLC in West Palm Beach, Florida can assist you with your quitclaim deed needs. We can draft the deed, review it to ensure that it meets legal requirements, and transfer the title properly by recording the document on your behalf with the public records.
What Needs to Be Included in a Quitclaim Deed?
A quitclaim deed must include specific information about the property, such as the property description, the names, marital status if applicable, and mailing addresses of the grantor and grantee. The date and location of the transfer and other information may also be necessary.
Our real estate lawfirm can review the quitclaim deed to ensure that all necessary information is included, including information about taxes that may be due upon transfer. In some cases, gift taxes may be required if the property is received under a quitclaim deed. A quitclaim deed lawyer from Law Office of Ryan S. Shipp, PLLC in West Palm Beach, Florida can draft the deed and help with the transfer process. Contact us at 561.699.0399 for any questions you may have.
Disadvantages of a Quitclaim Deed
Quitclaim deeds have limitations, as they don’t offer warranties about the title to the property or assurance that there are no liens or taxes owed. Before accepting property under a quitclaim deed, it is important to consult with a quitclaim deed law firm, such as Law Office of Ryan S. Shipp, PLLC in West Palm Beach, Florida, to understand your rights and obligations with regards to liens and taxes.
Our real estate law firm may be able to conduct a title search to check for any issues with the property. It’s also important to note that a quitclaim deed doesn’t affect the mortgage on a property. If you want to eliminate liability for a mortgage during a divorce, a quitclaim deed won’t be able to do so. You may need to pay off the mortgage, refinance under one partner’s name, or one party may need to pay off the mortgage to release the other party from their obligation.
At Law Office of Ryan S. Shipp, PLLC, our real estate attorneys are dedicated to helping clients with their quitclaim deed needs. Our team is knowledgeable about the legal requirements for transferring property, and we can ensure that your quitclaim deed is properly drafted, reviewed, meets all legal requirements, and is subsequently recorded on on your behalf. Whether you are looking to transfer property to a family member, establish a trust, put into the name of a business entity or navigate a marriage or divorce, we are here to help. Our real estate firm can also assist you with any questions you may have about the process of transferring property or taxes that may be owed.
Why Shipp Law?
If you are looking to transfer real property through a quitclaim deed in West Palm Beach, Florida, Law Office of Ryan S. Shipp, PLLC can help. Our real estate attorneys have the knowledge, experience, and expertise to assist you with your transfer of property needs. Contact us today at 561.699.0399 to schedule a consultation and learn more about how we can help you with your quitclaim deed.
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