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Quickclaim deed

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LauraLarraine Guest	Posted: Mon Mar 28, 2011 10:45 am    Post subject: Quickclaim deed Like 0 Dislike 0 I am giving my son 50% of my home as a gift and not receiving any money for the gift. On the Quitclaim deed there is a question Documentary Tax, do I leave this line blank?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Mar 28, 2011 9:13 pm    Post subject: Like 0 Dislike 0 Hi LauraLarraine! Welcome to forums! You need to pay certain sum of money as documentary tax. You should contact your real estate attorney and he will help you in filling out the deed including the question about documentary taxes. Feel free to ask if you've further queries. Sussane
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Tue Mar 29, 2011 3:29 am    Post subject: Like 0 Dislike 0 Hi LauraLarraine, Welcome to Mortgage fit, Documentary taxes are those which are ought to pay by any person who wishes to sign a quitclaim deed (or for that matter any legal document ) irrespective whether he/she has got an exemption in gift tax or not...these are the minimal tax charges which may vary from $5-$ 50...So I don't find any reason to avoid paying it...(rather you just can't avoid it..If you do so,your deed will not be recorded ) Feel free to ask any further query if you have..... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris

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