I own a rental house outright in my own personal name. I would like to put my daughter and son-in-laws names on the deed along with mine. It looks like a [url=http://www.mortgagefit.com/quitclaim-deed.html]quit claim deed[/url] takes my name off of it entirely. Is that right?
If I don't use a quit claim, then how do I do it? What about forming an LLC and then making all of us members?
Eventually my name will be taken off entirely when they finance the property, but until then, I would like to keep my name on it.