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Yes. The person who owns the life estate can execute a quitclaim deed to the fee owner that releases all of their right, title and interest in the property. A statement can be added to the deed stating that the purpose of the deed is to extinguish the life estate. Once that release deed has been recorded the property will be free of the life estate.
What else can I help you with?
Do you have to have a house for 10 years to quitclaim deed?
No. There is no time limit of ownership for you to execute a quitclaim deed. Many people execute a quitclaim deed immediately after acquiring their property, especially in commercial real estate transactions or when a straw deed has been executed to make changes in tenancy.
If you buy a quitclaim deed how do you know what is included in the deed if the person selling it does not know?
To determine the quantity of land and quality of title that will be conveyed by a quitclaim deed you must seek the help of a real estate attorney who will have a title examination performed by a professional.
What happens if a person has a quitclaim deed and the original owners did not give up ownership of the property?
A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.
Is property transferred by quit claim deed in Tennessee considered a gift?
Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.
How do you find out what you are actually getting when you purchase a quitclaim deed?
Answer To determine the quantity of land and quality of title that will be conveyed by a quitclaim deed you must seek the help of a real estate attorney who will have a title examination performed by a professional.
How does a quitclaim deed work on refinancing your home?
A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.
How can you revoke an enhanced life estate deed?
You need to obtain a written release from the life tenant which in most jurisdictions would take the form of a release deed or quitclaim deed.You need to obtain a written release from the life tenant which in most jurisdictions would take the form of a release deed or quitclaim deed.You need to obtain a written release from the life tenant which in most jurisdictions would take the form of a release deed or quitclaim deed.You need to obtain a written release from the life tenant which in most jurisdictions would take the form of a release deed or quitclaim deed.
Do you always have a warranty deed in real estate transactions?
No. Quitclaim deeds are often used to transfer ownership of real estate.No. Quitclaim deeds are often used to transfer ownership of real estate.No. Quitclaim deeds are often used to transfer ownership of real estate.No. Quitclaim deeds are often used to transfer ownership of real estate.
Can I file a quick claim on a deed in trust?
You can transfer your real property to the trustee of a trust using a quitclaim deed.
Can a quit claim deed be used to terminate life use?
Yes. The life tenant could use a quitclaim deed form to terminate their life estate.
Can a warranty deed be reserve by quit claim deed after a death?
No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.
Uses for quitclaim deed?
A quitclaim deed may be used to convey any interest in real property.
