Thank you for your question:
Your question is actually a legal question, and recording a quit claim deed has some very important and very serious legal consequences to both you and your friend.
It is not appropriate for anyone who is not an Attorney who is licensed to practice law to answer your question.
I very strongly recommend that you consult an Attorney in Arizona who has a great deal of experience with both Estate Planning and Real Estate Law.
Your proposal to record a quit claim deed has very serious legal consequences to both you and your friend, that could be very harmful to both you and your friend.
Recording a quit claim deed, not only will NOT accomplish what it is that you want to accomplish, it is almost certainly NOT not your best legal option. At the very least your friend will need a Grant deed from you to your property, if you want her to have the property. A mere quit claim deed will not accomplish that.
If you want to live in the property for the rest of your life, and make certain that you have the legal right to do so, at the very least, you need something that is called a life estate in the property, if you do give a grant deed to someone else or even record a quit claim deed.
If you merely record a quit claim deed, not only could you lose the right to live in the property, your friend and her daughters could also lose that right, and both you and your friend could end up with no property at all, and no legal right to live in the property.
I say that, not to give you a recommendation of what to do, but to give you an idea why it is very important that you consult an Attorney with respect to your question and what it is that you want to accomplish.
Essentially I recommend that you do not record a quit claim deed, without consulting an Attorney first. Personally I would be amazed if an Attorney would recommend that you record a quit claim deed, knowing what it is that you want to accomplish..
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: email@example.com