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hi this is Lee Phillips I want to talk to you for two seconds about a concept called a quit claim deed you quit claiming your interest in the property so it's called a quit claim deed quit claim deeds are often used when you're transferring property in and out of a living revocable trust and it works just fine because the living revocable trust is considered to be you you are transferring your interest to you now I have to talk about quit claim deeds for to science the quit claim deed only says that you quit claiming any interest that you have on the property I can give you a valid quit claim deed for my interests in the white house perfectly valid deed how much interest in the white house so the deed isn't worth a lot but you can give the quick claim deed to whatever interest you have in the piece of property now if you're transferring assets to a company like an LLC that you've set up or corporation that you've set up you're not going to use a quitclaim deed you're going to use a war

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