Fill and Sign the Control Number Al 024 77 Form

© 2016 - U.S. Legal Forms, Inc. ALABAMA QUITCLAIM DEED [Three Individuals to Two Individuals] Control Number: AL-024-77 I. TIPS ON COMPLETING THE FORMSThe form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand.It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner.II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY:A.In the State of Alabama, real property can be held by more than one person (concurrent estates) in the following ways:1. If the Grantees ARE NOT married to each other, they can hold the property as:a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship (JTWROS): is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate.2. If the Grantees ARE married to each other, they can hold the property as:a. Tenants in Common – See aboveb. Joint Tenants with the Right of Survivorship – See above3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common or Joint Tenants with Right of Survivorship.B. For example: “. . . as , . .” III. DISCLAIMERThese materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Alabama. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney.THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Quitclaim Deed Page 1 of 2Prepared by and return to: Send Tax Statements to: QUITCLAIM DEED (Three Individuals to Two Individuals) IN VALUABLE CONSIDERATION OF TEN DOLLARS ($10.00), and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby acknowledged, GRANTORS: , whose address is ; , whose address is ; and , whose address is ; DO HEREBY REMISE, RELEASE, QUITCLAIM, GRANT AND CONVEY UNTO GRANTEES: , whose address is ; and , whose address is ; as joint tenants with the right of survivorship , the following lands and property, together with all improvements located thereon, lying in the County of , State of Alabama, to-wit: See legal description attached hereto a Exhibit A and incorporated herein for all purposes. Legal Description: SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. TO HAVE AND TO HOLD same unto Grantees, and unto Grantee’s successors and assigns forever, with all appurtenances thereunto belonging.The pro p erty here in co nvey ed is not a part of th e hom este ad of G ra n to rs as th e te rm “h om este ad ” is d efin ed a n d u se d in A la b am a C ode S ectio ns 6 -1 0-2 , - 3 ( 1 975) a s a m en ded , o r is p art o f th e h om este ad o f G ra n to rs a n d t h e c o nvey an ce i s j o in ed b y b oth H usb an d a n d W if e . Quitclaim Deed Page 2 of 2IN WITNESS WHEREOF, the Grantors have executed this deed on the day and year set forth below.Signature of Grantor Print or Type NameSignature of Grantor Print or Type NameSignature of Grantor Print or Type NameSTATE OF ALABAMA, COUNTY OF I, a Notary Public, hereby certify that whose name(s) are signed to the foregoing instrument or conveyance, and who is known to me, acknowledged before me on this day that, being informed of the contents of the conveyance, they executed the same voluntarily on the day the same bears date. Given under my han d t h is t h e _ ___ d ay o f _ ____________ ___ , 2 0____ . Notary Public Type or Print Name STATE OF ALABAMA, COUNTY OF I, a Notary Public, hereby certify that whose name(s) are signed to the foregoing instrument or conveyance, and who is known to me, acknowledged before me on this day that, being informed of the contents of the conveyance, they executed the same voluntarily on the day the same bears date. Given under my han d t h is t h e _ ___ d ay o f _ ____________ ___ , 2 0____ . Notary Public Type or Print Name Quitclaim Deed Exhibit A EXHIBIT A Grantors: Grantees: Legal Description: