A quit claim deed is a legal document used to transfer ownership interest in real property from one person to another without making any guarantees about the title. A quit claim deed has very little protection to the recipient.
What is the right of survivorship deed in Illinois?
In Illinois, spouses have the option of owning property by the entirety, which functions like a joint tenancy in that the surviving spouse will immediately take ownership of the property on the death of the other spouse. Illinois recognizes joint tenancy with right of survivorship as a common form of joint ownership.
What is a quitclaim deed with rights of survivorship?
Two common types of survivorship deeds are the quitclaim deed with right of survivorship and the warranty deed with right of survivorship. The quitclaim version is a simple deed thats useful for transferring property to people to whom you are related, such as property transfers to adult children.
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Illinois Eliminates the Strawman, 17 J. Marshall L. Rev. 765
by JW Jackson 1984 1 According to common law rules, each joint tenant had the power to sever the right of survivorship by con- veyance of his or her joint tenant interest to
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