Quitclaim Deed by Two Individuals to Husband and Wife - Delaware: Fill out & sign online

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Parcel Number at the top of the form, followed by the names and addresses of both parties involved in the transaction.
In the section labeled 'THIS DEED', fill in the date of execution and the names of the two individuals transferring property.
Specify the consideration amount, typically set at One Dollar ($1.00), and ensure you accurately describe the property being conveyed, including any legal descriptions attached as Exhibit A.
Complete any additional fields regarding prior instrument references and tax parcel numbers as necessary.
Both parties must sign in front of a notary public, ensuring that all signatures are properly witnessed and sealed.

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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 is the difference between a quitclaim deed and an interspousal?

The difference between a Quit Claim Deed and an Interspousal Transfer Grant Deed is liability. The spouse who selects to give up their interest in the property can be held liable for taxes, liens and other debts associated with the property in a Quit Claim Deed but not in an Interspousal Transfer Grant Deed.

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 to do a quitclaim deed in Delaware?

You would sign quitclaim deed as the grantor in front of notary and then file in the county deed records. There is a small recording fee you pay the clerk in the real property records.