Fill and Sign the Control Number Mo 048 77 Form

© 2016 - U.S. Legal Forms, Inc. MISSOURI QUITCLAIM DEED [Trust to Husband and Wife] Control Number: MO-048-77 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 Missouri, 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 above b. Joint Tenants with the Right of Survivorship – See above c. Tenants by the Entirety - a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. Like a JTWROS, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property passes to the surviving spouse, without going through probate. 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; or, Tenants by the Entirety. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “. . . as tenants in common , . . .” OR “. . . as tenants by the entireties, . . .” OR “. . . as joint tenants with the right of survivorship , . . .” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Missouri. 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HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Quitclaim Deed Page 1 of 3 (Space above reserved for Recorder of Deeds Certification) Title of Document: Quitclaim Deed - Trust to Husband and Wife Date of Document: Grantor Name and Address: 1st Grantee’s Name and Mailing Address : 2nd Grantee’s Name and Mailing Address : Legal Description: Reference Book and Page(s): Quitclaim Deed Page 3 of 3 QUITCLAIM DEED [Trust to Husband and Wife] This Quitclaim Deed made by and between: GRANTOR: , an individual, whose address is , as Trustee under the provisions of a trust agreement dated the , 20 , and known as the Trust, and GRANTEES: , whose post office address is and , whose post office address is , Husband and Wife. WITNESSETH: The Grantor, for and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration paid to the Grantor, the receipt of which is hereby acknowledge, does by these presents REMISE, RELEASE AND FOREVER QUITCLAIM unto the Grantees, as , the following described real property, being and situated in the County of , State of Missouri, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: IN WITNESS WHEREOF, the Grantor, acting in his capacity as Trustee of the Trust, has executed the above instrument on this the day of , 20 . Name of Trust: Quitclaim Deed Page 3 of 3 By: Signature Type or Print Name AFTER RECORDING RETURN TO: Exhibit A EXHIBIT A GRANTOR: GRANTEES: LEGAL DESCRIPTION: