Quitclaim Deed - Trust to an Individual - Minnesota 2025

See details

4.6 out of 5

29 votes

The document is a Minnesota Quitclaim Deed form intended for transferring property from a trust to an individual. It includes instructions for completing the form, a disclaimer regarding the use of the materials, and sections for entering details about the property, grantor, grantee, and legal descriptions. The document emphasizes that it is provided without warranty and advises consulting an attorney for serious legal issues.

Here's how it works

01. Edit your quit claim deed mn online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send minnesota quit claim deed via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Quitclaim Deed - Trust to an Individual - Minnesota with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Quitclaim Deed in the editor.
Begin by entering the consideration amount in the designated field. This is crucial as it represents the value exchanged for the property.
Fill in the date of the Trust Agreement and its name, along with the Trust Number. This identifies the legal framework under which you are operating.
Next, specify the Grantee's name and address. This is essential for establishing who will receive ownership of the property.
Provide a detailed legal description of the property in Exhibit A. Ensure this information is accurate to avoid future disputes.
Indicate whether any part of the property is registered (Torrens) by checking the appropriate box.
Complete any well disclosure certifications if applicable, ensuring compliance with local regulations.
Finally, sign and date the document as Trustee, and ensure notarization is completed for legal validity.

Start using our platform today to easily complete your Quitclaim Deed online for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

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

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 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 is the Minnesota deed tax calculated?

Minnesota Statute 287.21 provides for deed tax to be paid on deeds to be recorded. The rate is 0.0033 of the purchase price (Example: $105,250 X 0.0033 = $347.33 deed tax). The minimum deed tax amount is $1.65.

What is the tax on a quit claim deed in Minnesota?

When there is no additional consideration over $3,000 for executing and delivering the corrective deed over and above the consideration already taxed for the original deed, only the minimum deed tax of $1.65 is charged on the quit claim deed.

How does a quitclaim deed work in Minnesota?

A Minnesota quitclaim deed is a document used to transfer property ownership from one individual or entity (the grantor) to another individual or entity (the grantee) without providing any guarantees or warranties on the property title.

minnesota quit claim deed individual to trust

Minnesota Quit CLAIM Deed Individual to Business Quit claim deed MN cost How to File a quitclaim deed in Minnesota Quit claim deed MN divorce What is a quit claim deed mn Repercussions of a quit claim deed What is the eCRV number on a quit claim deed Free mn Quit Claim Deed form

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What are the disadvantages of a quit claim deed?

Using a quitclaim deed could trigger unwanted tax consequences, such as gift taxes or capital gains taxes. Additionally, a quitclaim deed can introduce confusion about who truly owns a property after a transfer, which could lead to disputes later.

Who pays deed transfer tax in MN?

The seller is ultimately liable for the deed tax. However, the statute does not prohibit the seller from assigning the tax to the buyer in a private contract. Thus, a buyer may be assigned the deed tax via a purchase agreement or other contract. Who collects the mortgage registry and deed taxes?

Quitclaim Deed - Trust to an Individual - Minnesota 2025

Here's how it works

How to use or fill out Quitclaim Deed - Trust to an Individual - Minnesota with our platform

Complete this form in 5 minutes or less

Got questions?

Who benefits the most from a quitclaim deed?

What are the risks of a quitclaim?

How is the Minnesota deed tax calculated?

What is the tax on a quit claim deed in Minnesota?

How does a quitclaim deed work in Minnesota?

Complete this form in 5 minutes or less

People also ask

What are the disadvantages of a quit claim deed?

Who pays deed transfer tax in MN?

mn quit claim deed instructions

Try more PDF tools