How to Proceed With Quitclaim Deeds for Inherited Property Transfer

Transfer of property comes with various legal complications. Step by step process need to be followed along with payment of required fees which may be in the form of taxes or other charges. One of the best ways chosen by the people who wish to transfer their inherited property is Deeds. It can be used to transfer property or titles from a grantor (or seller) to a grantee (or buyer). The two types of deeds popular in transfer cases are warranty and limited warranty deeds are. They are reliable. Quitclaim deed form in Georgia also known as non-warranty deeds, are used to transfer property as well as clear titles. It is seen that sellers mostly prefer to transfer property through quit claim deeds.

Inherited property can be transferred or cleared using a Georgia quitclaim deed. It is mainly used to solve any issues related to title issues among heirs rather than bypassing the formal probate process.

How Quitclaim Deeds is useful for Inherited Property

• Clarity in ownership claims: In case there are many multiple heirs inherit a property, in such case one should go for quitclaim deed as it is usually used when one or more heirs is ready to give up their share of the property to another family member.

• No ownership warranties: In a quitclaim deed transfer actually happens of the actual interest the person signing actually owns. There is no a guarantee or warranties that the title is clear or free of liens.

• Not a replacement for probate: In case any relative passes away who is the owner of real estate, the property then moves through proper probate process, in which there is established who is the real owner and has the title before a valid deed can transfer it to an end recipient. Hence a quitclaim deed cannot be signed by a deceased person.

What are the Requirements in Georgia

There is some compliance which is to be done in Quitclaim Deeds for transfer of the property. Some of them are as under

• Witnesses: The first one is authentication which is done through witnesses. The quitclaim deed must be signed in front of two people. The first shall be the official witness who is the notary public and other is ordinary/unofficial witness.

• PT-61 Form: A specific form called PT-61 is required to be filed for real estate transfer tax online and submitted for the officially recorded. In case the there is no tax, the form should be filed for records.

• No statutory form: No state made blank form in case of Georgia quitclaim form is there. If the language states clearly the release and transfer of property, no separate form is needed. The transfer of property interest is cleared.

Author Bio:-

Carl often writes about legal drafting, legal documents, legal forms, and legal agreements to help people who need them. You can find his thoughts at warranty deed forms blog.