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Hi this is Lee Phillips I want to talk to you for two seconds about a concept called called a quit claim deed. You quit claiming your interest in the property so its called a quit claim deed. Quit claim deeds are often used when youre transferring property in and out of a living revocable trust and it works just fine because the living revocable trust is considered to be you. You are transferring your interest to you. Now I have to talk about quit claim deeds for two seconds. The quit claim deed only says that you quit claiming any interest that you have on the property I can give you a valid quit claim deed for my interests in the White House. Perfectly valid deed. I dont have much interest in the White House so the deed isnt worth a lot but you can give the quit claim deed to whatever interest you have in the piece of property. Now if youre transferring assets to a company like an LLC that youve set up or corporation that youve set up youre not going to use a quit claim de
