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How to use or fill out Quitclaim Deed - Individual Grantor acting through an attorney in fact to Husband and Wife or Two Individuals as Grantees - Indiana with our platform
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Click ‘Get Form’ to open the Quitclaim Deed in the editor.
Begin by entering the names and addresses of the first and second grantees in the designated fields. Ensure accuracy as this information is crucial for legal purposes.
In the section labeled 'RELEASE AND QUITCLAIM', specify the county and state where the grantor resides, along with their name.
Select whether the grantees will hold title as joint tenants with rights of survivorship or tenants in common by checking the appropriate box.
Fill in the sum of money involved in the transaction, followed by a detailed legal description of the property being transferred, which can be attached as Exhibit A.
If applicable, include details about any power of attorney used, referencing its instrument number for clarity.
Finally, have the grantor sign and date the document. Ensure that a notary public witnesses this signature for it to be legally binding.
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What are the requirements for a quitclaim deed in Indiana?
Potential for Fraud or Duress: If a grantor is coerced or tricked into signing, the deed can later be voided. Difficulty Proving Ownership: Without warranties or title insurance, the grantee may struggle to prove valid ownership in future disputes.
What makes a quitclaim deed invalid?
A document signed by someone that gives up their interest in real property. It is a common way to take a divorced spouses name off the deed. It is distinguished from a disclaimer deed because it is not signed at the time of purchase/refinance.
What is a spousal disclaimer quit claim deed?
The average cost (i.e., legal fees) for a lawyer to prepare and file a quitclaim deed is $500.00. This cost point come from recent quitclaim projects on the ContractsCounsel platform across all US states. Note, this does not include any fees to file at the county clerks office, which can range from $10 to $100.
Related Searches
Quit claim deed loopholesRepercussions of a quit claim deedCan a quit claim deed be contestedDoes a quitclaim deed give you ownershipHow long does a quitclaim deed give you ownershipDoes a spouse have the right to property after signing a quit claim deedContesting a deed transferQuitclaim deed Indiana
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(j) An attorney in fact of a husband and wife may join in the making of an election under this section under the powers conferred upon the attorney in fact
Joint Tenancy in Real PropertyThe Title Insurers Viewpoint
by HE Tully 1962 Cited by 2 If any such child is married and the spouse is not a grantee, the spouse should be named as a grantor and the deed should contain a recital as follows:
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