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Quitclaim Deed from Corporation to Husband and Wife - Kentucky

Quitclaim Deed from Corporation to Husband and Wife - Kentucky 2025

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This document is a Quitclaim Deed executed by a corporation transferring its interest in real property to a husband and wife as joint tenants with rights of survivorship. The deed outlines the consideration for the transfer, specifies the property details, and includes provisions regarding survivorship and reservations of rights. It also contains sections for notarization and contact information for the parties involved.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date of the deed at the top of the form. This is crucial for legal documentation.
Fill in the name of the corporation acting as Grantor, along with its state of incorporation and address.
Next, input the names of both Grantees (Husband and Wife) and their joint address.
In the consideration section, confirm that you acknowledge the payment amount, typically set at One Dollar ($1.00).
Provide a detailed legal description of the property being transferred. If necessary, attach Exhibit A for clarity.
Complete any prior instrument references if applicable, including Book, Page, and Document numbers.
Ensure all signatures are obtained from authorized representatives of the corporation and notarized as required.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the risks of a quitclaim?

However, this approach has certain risks, so its not always the best option. Using a quitclaim deed might create tax issues or result in a loss of control of the property after the transfer. Additionally, the property could still require probate if you dont handle the transfer correctly.

How does a quitclaim deed work in KY?

A Kentucky quitclaim deed form transfers the owners entire interest as of the date of the deed. The new owner receives whatever interest the current owner can legally transfer. The current owner, though, does not promise the new owner a clear title or undisputed ownership of the property.

How to add spouse to quit claim deed?

Since the deed offers no legal protection, there is little recourse if issues arise after the transfer. These risks make it essential to consult a qualified Quitclaim Deed Attorney before proceeding.

What is the statute of a quit claim deed in Kentucky?

382.010 establishes the legal foundation for conveying Kentucky real estate interest using a deed. Quitclaim deeds specifically convey ownership interest from the grantor without any covenant of title.

Who benefits the most from a quitclaim deed?

The quitclaim deed simply transfers any interest they may have to the other party. Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.

What are the disadvantages of a quit claim deed?

Its a really simple process. You simply sign a quit claim deed transferring an undivided 50% interest to the house to your wife. The deed needs to be witnessed, docHubd, and then recorded in the real property records of the city/county in which the property is located. Thats it! :)

Quitclaim Deed from Corporation to Husband and Wife - Kentucky 2025

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