Decide whether a quitclaim deed is the right tool
Quitclaim deeds are most common for transfers between spouses, parents and children, into or out of revocable trusts, divorce-related transfers, and corrections of prior deeds. They transfer ownership with no warranty of title, so the grantee receives only whatever interest the grantor actually owns.
- Adding or removing a spouse after marriage or divorce
- Transfers into a revocable living trust or LLC
- Parent-to-child or sibling transfers
- Correcting a prior deed (often called a corrective deed)
- Not the right tool if you want to keep control now and transfer at death — that is a lady bird deed