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Begin by filling in your name as the surviving joint tenant in Section I. This identifies you as the individual exercising the right to disclaim any interest.
In Section II, provide the name of the decedent and their date of death. This information is crucial for establishing the context of your disclaimer.
Section III requires you to attest that your disclaimer will be filed within nine months after the decedent's death. Ensure this is accurate to comply with Maine statutes.
In Section IV, list all properties in which you have an interest as a joint tenant. Be thorough and precise to avoid any legal complications.
Review Section V, where you formally renounce any interest in the property described earlier. This section solidifies your decision legally.
Complete Sections VI and VII by acknowledging that this disclaimer relates back to the date of death and sign where indicated. Don’t forget to include dates and your signature.
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What is a quitclaim deed without covenant in Maine?
In Maine, creditors have up to 4 months from the first date of general creditor notice publication to make claims against the estate.
What is the difference between joint tenants and tenants in common in Maine?
Joint tenancy means there is a right of survivorship: upon one owners death the surviving joint owner will automatically own the entire property. With tenancy-in-common, each owners interest passes according to their own estate plan.
What is a quitclaim deed without covenants in Maine?
Quitclaim deeds transfer ownership without any guarantees, which means the grantee could inherit problems like unpaid taxes, liens, or title defects. Since the deed offers no legal protection, there is little recourse if issues arise after the transfer.
What problems can arise with quitclaim deeds?
In its most basic form, a bargain and sale deed includes a warranty that the grantor has title to the property but does not guarantee that the property is free of claims. This is known as a bargain and sale deed without covenants.
What is a deed without covenants?
Quitclaim Covenants c. 183, 17, a quitclaim deed includes the following covenants: The property is free from encumbrances made by the grantor: This means that the grantor guarantees only that they have not created any encumbrances on the property.
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