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Icon Mini Profile d_sheinman





Joined: 29 Oct 2009

Posts: 1

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Post Posted: Thu Oct 29, 2009 4:35 pm    Post subject: quit claim
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I have a will and revocable trust, living in Florida. I'm a widow and have been advised to submit a Quit Claim.
My two sons are equally listed to receive all of my assets. Do I need a Quit Claim?
Thank you.
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10020
Location: Alaska
917.78 Dollars($)
Post Posted: Thu Oct 29, 2009 9:11 pm    Post subject:
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Hi d_sheinman!

Welcome to forums!

You've mentioned that you have a will wherein your sons are equally listed to get the assets. However, your sons will have to probate the will after your death in order to get it transferred in their name. If you transfer the property to them through a quitclaim deed, they will become the owner of the property now and will not have to go for a probate.

Feel free to ask if you've further queries.

Sussane
d

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Post Posted: Sat Oct 31, 2009 4:06 pm    Post subject:
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Thanks for your advice.
d

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Post Posted: Sun Nov 01, 2009 2:08 pm    Post subject: quit claim
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I just realized you said that my boys would have ownership of my property now-I don't want that as I'm independent and want the security in my name until I'm gone.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10148
Location: Nevada
941.94 Dollars($)
Post Posted: Sun Nov 01, 2009 8:44 pm    Post subject:
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Hi d,

If you do not want to transfer the property to your sons immediately, then it's better if you do not sign a quitclaim deed now. You can list their names as beneficiaries to the property in your will. Thus, they will have to probate the will and get the property transferred in their name after your death.

Thanks
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