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The key point of this text is to emphasize that using a quit claim deed to transfer property into a limited liability company or land trust is a common mistake. Quit claim deeds do not provide warranties and may not effectively transfer ownership. A warranty deed is recommended for transferring property to ensure protection and clarity in ownership. Using a quit claim deed could imply your involvement in both sides of the transaction even if your name doesn't appear on the deed. It is crucial to use the appropriate deed form when deeding property to avoid potential legal issues.
