BEST ANSWER
I believe a quit claim deed is used to transfer all interests held in a property to another person. The person signing would be giving up all rights to the property. If you want to own a property with someone else that person needs to sign a deed to transfer partial interest to you. There are deifferent ways to own property with another person so a brief consult with a real estate or estate planning attorney will pay for itself in the long run. Ask local realtors who they use.
I used to be a probate paralegal and prepared estate, trust and personl tax returns. I've seen too many problems and big attorney fees from individuals doing their own transfers of property. I used to be asked what I thought about people doing their own work. My reply was: Some attorneys love it because it increases their fees! At death or on transfer or dealing with tax issues that came up because a transfer was not done in the correct way the only winners are the attorneys.
Martha
Wed Jan 9 2008, 06:35