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For example, when a spouse is to acquire the marital home as part of a divorce settlement, the other spouse may be able to transfer their full interest quickly and inexpensively via a quitclaim deed. [10] A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction.
Transfer the Property With a Quitclaim Deed. If you don’t want inherited property but want to have a say in who gets it, you can use a quitclaim deed to transfer the property to someone else ...
How to Transfer Property Out of a Trust After Death. Transferring property out of a trust is the trustee’s job. Generally, after the trustor passes away, the trustee notifies the trust’s ...
Tax planning: Property owners may transfer equity to their children or other family members to manage their tax liabilities. Transferring equity can be complex, involving land registry applications and stamp duty land tax forms. In these circumstances, a transfer of equity usually involves a conveyancing practitioner to deal with the formalities.
This rule also applies on a transfer of property from a trust for the benefit of a spouse or former spouse if the transfer is incident to the divorce. For the purposes of this subsection, § 1041(c) states a transfer of property is incident to divorce if such a transfer either occurs within 1 year after the date on which the marriage ends, or ...
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