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Quitclaim Deed for Trustee to Beneficiary Florida Form

Quitclaim Deed for Trustee to Beneficiary Florida Form

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thank you for your content you're welcome I have property in Florida is a quick claim deed the same as a ladyb bird deed no these are two different types of Deeds so what a quick claim deed does is it transfers interest in the property immediately so if a parent for example decides they're going to do a quit claim deed to put their kid on the title of their property either to give the property to their child or to add the property um add their child on the title this is an immediate transfer it takes place right away meaning whoever you add to the deed has an immediate ownership in the property which has a couple of different consequences one if you're think that you may need Medicaid at some point in the future for long-term care a quit claim deed is often not a good idea because it is viewed as a gift and Medicaid has strict penalties for gifts if they're made within 16 months 5 years of you needing Medicaid this is called the Medicaid look back period

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