What Are Quit Claim Deeds For?
Anyone who has had to go through a legal process (and that’s practically everyone) knows that there is a plethora of papers involved. One of the most common types of legal papers is a quit claim deed. This is basically documentation that allows a person to give away his rights to a piece of property to another person or entity. In effect, the person who signs the these papers deed transfers the right to ownership of that property to someone else. A quit claim deed is most often used in dealing with family issues. A divorce, for example, often involves a quit claim deed. If a married couple is going through a divorce, and say the house and land is to go to the wife, she may ask the husband to sign a quit claim deed. The result will be that the husband will have no legal rights to the property anymore. The process may apply in the opposite manner – the wife signs a this in favor of the husband. This can also be done between other family members. Say the parents of two siblings are deceas
