Real estate deeds provide legal documentation pertaining to the owner of property. The property could be land or a building structure. The deed specifies the names of previous and current owners along with information about the property.
If the property is sold or being transferred in a will, the deed must be legally transferred from one owner to the next. It is important to meet with qualified attorneys to draft a deed transfer. There are two types of deed transfers:
- Quitclaim deed transfer. A quitclaim deed will transfer or “quit” interest in real property. When an individual is married, the quitclaim is commonly used to transfer property to the spouse.
- Warranty deed transfer. The warranty deed refers to the ownership of the property and will transfer the property with a good title, which means it is free of liens or claims of ownership.
Contact our office in Ogden, UT to discuss real estate deeds and how to include them as part of your estate plan.