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Arizona Quitclaim Deed Transferring a Specified Undivided Interest from Individual to Individual Form

Arizona Quitclaim Deed Transferring a Specified Undivided Interest from Individual to Individual Form

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is a quick claim deed or a quit claim deed I get to ask this all the time it's really a quit claim D not something done quickly although you could do it quickly it's often referred to commonly as a quick claim deed because people look at it as something hey I can add somebody to title quickly remove somebody title quickly give it away quickly however doing anything quick could cause a lot of problems but legally it's a quick claim deed or a granteed you're transferring your interest to somebody else and it has big ramifications for you because if you add somebody to title you could be adding all their liabilities to creditors lawsuits divorces and you can lose your property you are also are giving away important tax advantages like a step up in basis and you might be triggering a reassessment of property taxes so while you can do it quickly the problems could quickly Mount up so you're going to want to talk to a professional about this before so

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