Deeds

Wills | Trusts | Powers of Attorney | Deeds

A real estate deed can come in a multitude of varieties for various purposes. Deeds can be useful and necessary for estate planning purposes, especially when it comes to titling. Improperly titling names on deeds can be the difference between thousands of dollars going to unintended beneficiaries or heirs, and overall failing to effectuate the intentions of grantor(s).

Types of ownership may include tenants in common, joint tenants with or without right of survivorship, community property, separate property, or in the name of a trust and subject to distribution established via a trust document. Quit Claim Deeds are generally used for these types of transfers and are typically free of excise tax.

Quit Claim Deeds - Common Uses

  • Gifts

  • Inheritance

  • Community Property - Establishing or Dissolving

  • Irrevocable Trusts - Into or Out of

  • Revocable Trusts - Into or Out of

  • LLCs - Into or Out of

Transfer on Death Deeds - Transfer of Death Deeds essentially bypass probate, turning the transfer of real property into a simple beneficiary designation, much like insurance proceeds or other accounts that have a pre-established process for distributing assets.

Consultation: If you feel you have questions about anything estate planning related, please don’t hesitate to contact Haapalainen Law, by phone at (425) 563-3796 or request a consultation by clicking here.