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What is the definition of quit claim?

Definition. A document by which a grantor conveys his or her present interest, if any, in a given parcel of real property to a grantee without representing, covenanting, or warranting that the title is good.

Is a quit claim deed OK?

The alternative spellings quit claim deed and quit-claim deed are generally acceptablethough used less frequently. Oklahoma legal professionals also use the word quitclaim as a verb indicating that an owner is transferring an interest without warranty. Release deed can be a synonym for quitclaim deed in some contexts.

How much does a living trust cost in Georgia?

For a Georgia will or trust, the average cost is between $300-600, but the amount you spend depends on how complex the document is and whether you use a template or an attorney. Again, this is an average. Your attorney may charge more or less. Some attorneys may work from a template.

How do I transfer my property to a living trust in Georgia?

In the State of Georgia, creating a living trust means drafting the trust document with your estate planning attorney and signing it in front of a notary public. Once signed and docHubd, you must fund the trust by transferring assets to the name of the trust.

What are the disadvantages of putting your house in a trust?

The Cons. While there are many benefits to putting your home in a trust, there are also a few disadvantages. For one, establishing a trust is time-consuming and can be expensive. The person establishing the trust must file additional legal paperwork and pay corresponding legal fees.

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