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Why have a quit claim deed when property is in a trust?

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Icon Mini Profile kjedwards





Joined: 14 Feb 2011

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Post Posted: Mon Feb 14, 2011 10:24 am    Post subject: Why have a quit claim deed when property is in a trust?
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My father-in-law has a Living Trust in Ohio, all assets are in the trust. He does own a condo in Florida which is also in the trust. Why would he need a quit claim deed on the condo in Florida which he has, the quit claim deed is to my wife and brother-inlaw? Since the out of state condo is in the trust is the quit claim deed needed?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Mon Feb 14, 2011 9:46 pm    Post subject:
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Hi kjedwards!

Welcome to forums!

In order to transfer the condo to someone else, your father-in-law will have to remove the property from the trust and then use a quitclaim deed to transfer it to your wife and brother-in-law.

Feel free to ask if you've further queries.

Sussane
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