Fill and Sign the Control Number Sc Sdeed 8 6 Form

- Page 1 - Prepared by U.S. Legal Forms, Inc.Copyright 2016 - U.S. Legal Forms, Inc. STATE OF SOUTH CAROLINA QUITCLAIM DEED [Three Individuals to One Individual] Control Number – SC - SDEED – 8-6 - Page 2 - NOTE ABOUT COMPLETING THE FORMS The forms in this packet contain “form fields” created using Microsoft Word. “Form fields” facilitate completion of the forms using your computer. They do not limit you ability to print the form “in blank” and complete with a typewriter or by hand.If you do not see the gray shaded form fields, go 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 in this button and the form fields will be visible.The forms are locked which means that the content of the forms cannot be changed. You can only fill in the information in the fields. If you need to make any changes in the body of the form, it is necessary for you “unlock” or “unprotect” the form. IF YOU INTEND TO MAKE CHANGES TO THE CONTENT, DO SO BEFORE YOU BEGIN TO FILL IN THE FIELDS. IF YOU UNLOCK THE DOCUMENT AFTER YOU HAVE BEGUN TO COMPLETE THE FIELDS, WHEN YOU RELOCK, ALL INFORMATION YOU ENTERED WILL BE LOST. To unlock click on “Tools” in the Menu bar and then selecting “unprotect document”. You may then be prompted to enter a password. If so, the password is “uslf”. That is uslf in lower case letters without the quotation marks. After you make the changes relock the document before you being to complete the fields. After any required changes and re-protecting the document, click on the first form field and enter the required information. You will be able to navigate through the document from form field to form field using your tab key. Tab to a form field and insert your data. If problems, please let us know. - Page 3 - NOTES ON FILING THESE FORMS Original Signatures of Executing Party(ies) & Date of Execution - Although documents may be a copy or a FAX, all required signatures must be originals. The Register of Deeds in South Carolina “encourage” use of BLUE INK for Signatures. Indexing of Executing Parties are taken from the signature, rather than from the typed name on the face of the document. If these names are totally different, the document may be returned unFiled. The exact name spelling should be typed or printed beneath each signature. The Date of Execution must also be clearly noted on the document. Subscribing Witnesses - Most documents require 2 witnesses’ original signatures. One of these witnesses may sign the “Affidavit of Probate” and the other may be the Notary Public. The individuals who execute the document may not be any of these. Affidavits of Probate and Acknowledgements - Documents must have either this “Affidavit” or an Acknowledgement following the Execution and Witness Signatures. The Probate provides for one of the two Witnesses to confirm to either the other witness or Notary, that he/she saw the Grantor(s) execute the document. The Acknowledgement provides for the Executing party to make oath to the Notary that he/she executed the document. Notary Public - Documents presented for filing, except as otherwise provided by law, must be “Notarized”, by a licensed Notary Public, with the appropriate “Notary” statement, signature, expiration date and Seal. Description & Derivation Clause - Most documents must contain some legal description of the property involved and/or reference to an attached Plat which provides such description (see Plat Recording Guidelines). Deeds, except Quit Claim Deeds, must include a derivation clause, preferably at the end of the legal description, that gives recording information for the Deed which established the Grantor’s (seller’s) ownership, and provides an important link in the "Chain of Title". This Clause shall include the Name of the original Grantor, and the Recording Date AND/OR Book and Page number of the Deed which originally conveyed the property to the Grantor. Grantee’s/Mortgagee’s Address - The address of the Buyer (Grantee) on Deeds, and the Secured Party (Mortgagee) on Mortgages, must be clearly noted, usually on the face of those documents. Preparation Clause - Deeds must have a clause, preferably at the end of the legal description, that tells the name, and the address, of who prepared the document. District, Map & Parcel No. - This information must be clearly noted somewhere on all Deeds and all Plats (preferably on the first page). This DMP information is an important link between a number of shared data-bases for County staff and public access to information related to Real Property. The information may be obtained off of the old Deed or a Tax Notice. Affidavit of True Consideration - Any conveyance of property that meets State and Local laws requiring payment of Recording Fees, Transfer Fees, etc., must indicate the “True Consideration” or value in money’s worth for that conveyance (see S.C. Code Sect 12-24 as amended). Thus, for example, if a Deed does not indicate on its face the amount paid, or the words “and other consideration”, or if a trade of property is involved, there must be attached an “Affidavit of True Consideration” that reflects the actual value of the transaction. That value is - Page 4 - used to calculate Fees (including State & County Recording Fees, and Town of Hilton Head Island Transfer Fees) due for the recording. NOTE: If the Filer claims an “Exemption” from any Fees established by State or Local laws, an Affidavit must also be attached which cites the specific section of the law under which such Exemption is claimed. EXEMPTIONS FROM RECORDING FEES PER 12-24-40, SC CODE OF LAWS EXEMPTED FROM THE RECORDING FEES ARE DEEDS WHICH:1)transfer realty in which the value of the realty, as defined in Code Section 12-24-30, is equal to or less than $100;2) transfer realty to the federal government or to a state, its agencies and departments, and to its political subdivisions, including school districts;3)are otherwise exempted under the laws and constitution of the State of South Carolina or the United States (give cite);4)transfer realty in which no gain or loss is recognized by reason of Section 1041 of the US Internal Revenue Code, as defined in section 12-6-40(A) of the SC Code of Laws;5)transfer realty in order to partition the realty, as long as no consideration is paid for the transfer other than the interests in the realty(s) that are being partitioned;6)transfer an individual grave space at a cemetery owned by a cemetery company licensed under Chapter 55 of Title 39;7)constitutes a contract for sale of timber to be cut (but not the land upon which the timber stands);8) transfers realty to a corporation, partnership, or trust in order to become, or as, a stockholder, partner, or trust beneficiary of the entity, provided no consideration is paid for the transfer other than stock in the entity, interest in the partnership, beneficiary interest in the trust, or the increase in value in such stock or interest held by the grantor. However, the transfer of realty from a corporation, partnership, or trust to a stockholder, partner, or trust beneficiary of the entity is subject to the fee even if the realty is transferred to another corporation, partnership, or trust;9)transfers realty from a family partnership to a partner or from a family trust to a beneficiary, provided no consideration is paid for the transfer other than a reduction in the grantee’s interest in the partnership or trust. A “family partnership” is a partnership whose partners are all members of the same family. A family trust is a trust, in which the - Page 5 - beneficiaries are all members of the same family. The beneficiaries of a family trust may also include charitable entities. A “family” means the grantor and the grantor’s, parents, grandparents, sisters, brothers, children, stepchildren, grandchildren, and the spouses and lineal descendants of any of the above. A charitable entity means an entity which may receive deductible contributions under Section 170 of the US Internal Revenue Code, as defined in SC Code Section 12-6-40(A);10)transfers realty in a statutory merger or consolidation from a constituent corporation to the continuing or new corporation;11)transfers realty to a merger or consolidation from a constituent partnership to the continuing or new partnership;12) constitutes a corrective deed or a quitclaim deed used to confirm title already vested in the grantee, provided that no consideration of any kind is paid or is to be paid under the corrective deed or quitclaim deed;13) transfers realty subject to a mortgage to the mortgagee, whether by a deed in lieu of foreclosure executed by the mortgagee, or by deed pursuant to foreclosure;14)transfers realty from an agent to the agent’s principal, in which the realty was purchased with funds of the principal, provided that a notarized document is also filed with the deed that establishes the fact that the agent and principal relationship existed at the time of the original purchase as well as for the purpose of purchasing the realty; and,15)transfers title to facilities for transmitting electricity that is transferred, sold, or exchanged by electrical utilities, municipalities, electric cooperatives, or political subdivisions to a limited liability company which is subject to regulation under the Federal Power Act (16 U.S.C. Section 791(a)), and which is formed to operate or to take functional control of electric transmission assets as defined in the Federal Power Act. - Page 6 - DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of South Carolina. 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. 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 OF 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 - This document prepared by (and after recording return to):Name: Firm/Company: Address: Address 2: City, State, Zip: Phone: ))))))))))--------Above This Line Reserved For Official Use Only------------- QUITCLAIM DEED (Three Individuals to One Individual) KNOW ALL MEN BY THESE PRESENTS THAT: FOR 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, ________________________, ________________________ and ________________________, Individuals, hereinafter referred to as “Grantors”, do hereby remise, release and forever quitclaim, and by these presents does remise, release, and forever quitclaim unto ________________________, hereinafter “Grantee”, the following lands and property, together with all improvements located thereon, lying in the County of ______________________, State of South Carolina, to-wit: See Legal Description attached hereto as Exhibit A and incorporated herein as though set forth in full.Legal Description: T ax es f o r t a x y ear _ _____ s h all b e p ro ra te d b etw een G ra n to rs a n d G ra n te e a s o f t h e d ate sele cte d b y G ra n to rs a n d G ra n te es, o r p aid b y G ra n te e, o r p aid b y G ra n to rs . T he p ro perty h ere in c o nvey ed is n ot a p art o f th e h om este ad o f G ra n to rs , o r is p art o f th e ho m este ad o f G ra n to rs a n d i f G ra n to rs a re m arrie 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 . IN W IT N ESS W HER EO F t h e u nders ig ned h av e e x ecu te d t h is d eed .Date: __________________Signature{Type Name}Signed, Sealed and Delivered in the State of South Carolina Quitclaim Deed - Page 2 - presence of: Witness WitnessCounty of __________________ I ______________________________ (name of official and official title), do hereby certify that ________________________ (name of grantor or maker), personally appeared before me this day and acknowledged the due execution of the foregoing instrument.Witness my hand and (where an official seal is required by law) official seal this the ______ day of 20______. Notary Public My commission expires: ____________Date: __________________Signature{Type Name}Signed, Sealed and Delivered in the presence of: Witness WitnessState of South CarolinaCounty of __________________ I ______________________________ (name of official and official title), do hereby certify that ________________________ (name of grantor or maker), personally appeared before me this day and acknowledged the due execution of the foregoing instrument.Witness my hand and (where an official seal is required by law) official seal this the ______ day of 20______. Notary Public My commission expires: ____________ Quitclaim Deed - Page 3 - Date: __________________Signature{Type Name}Signed, Sealed and Delivered in the presence of: Witness WitnessState of South CarolinaCounty of __________________ I ______________________________ (name of official and official title), do hereby certify that ________________________ (name of grantor or maker), personally appeared before me this day and acknowledged the due execution of the foregoing instrument.Witness my hand and (where an official seal is required by law) official seal this the ______ day of 20______. Notary Public My commission expires: ____________Grantee’s Name, Address, phone: SEND TAX STATEMENTS TO GRANTEE Quitclaim Deed - Page 4 - STATE OF SOUTH CAROLINA :Date of Transfer of Title : COUNTY OF ____________ ____ : (C lo sin g D ate ) _ _____________, 2 0 AFFIDAVIT PERSONALLY appeared before me the undersigned, who being duly sworn, deposes and says:1.I have read the information on this Affidavit and I understand such information.2. The property is being transferred BY ______________________________ TO ______________________________ on ______________.3 . Check o ne o f t h e f o llo w in g : T H E D EED I S (a ) S ubje ct t o t h e d eed r e co rd in g f e e a s a t r a n sfe r f o r c o nsid era tio n p aid o r t o b e pa id i n m oney o r m on ey ’s w orth .(b ) S ubje ct t o t h e d eed r e co rd in g f e e a s a t r a n sfe r b etw een a c o rp ora tio n, a pa rtn ers h ip , o r o th er e n tity a n d s to ck hold er, p artn er, o r o w ner o f t h e e n tity o r i s a tra n sfe r t o a t r u st o r a s d is tr ib utio n t o a t r u st b en efic ia ry .(c) Exempt, or partially exempt, from the recording fees because (exemption #______________ ) (E xpla n atio n, i f r e q uir e d ) _ ___ __________ (IF E X EM PT , P L ESE S K IP I T E M S 4 -6 A ND G O T O I T EM 7 O F T H IS A FFID AVIT ) 4. Check one of the following if either item 3(a) or item 3(b) above has been checked.(a) ______________ T he f e e i s c o m pute d o n t h e c o nsid era tio n p aid o r t o b e p aid i n mo ney o r m oney ’s w orth i n t h e a m ount o f $ _ ______ __.(b ) ______________ T he f e e i s c o m pute d o n t h e f a ir m ark et v alu e o f t h e r e alty w hic h is $ _________ .(c ) _ _____________ T he f e e i s c o m pute d o n t h e f a ir m ark et v alu e o f t h e r e alty a s es ta b lis h ed f o r p ro perty t a x p urp ose s, w hic h i s $ ___ ______.5 . Check Y ES o r N O t o t h e f o llo w in g: A l ie n o r e n cu m bra n ce e x is te d o n t h e l a n d, t e n em en t, o r re alty b efo re t h e t r a n sfe r a n d r e m ain ed o n t h e l a n d, t e n em en t, o r r e alty a fte r t h e t r a n sfe r. I f “ Y ES”, th e a m ount o f t h e o uts ta n d in g b ala n ce o f t h is l ie n o r e n cu m bra n ce i s $ _________. 6 . The D EED R eco rd in g F ee i s c o m pute d a s f o llo w s:(a ) _ ________ T he a m ount l is te d i n i te m 4 a b ove(b ) _ ________ T he a m ount l is te d i n i te m 5 ( n o a m ount p la ce z ero )(c ) _ ________ S ubtr a ct L in e 6 (b ) a n d p la ce t h e r e su lt.7 . As r e q uir e d b y C ode S ecti o n 1 2-2 4-7 0, I s ta te t h at I a m a r e sp onsib le p ers o n w ho w as c o nnecte d with t h e t r a n sa ctio n a s: _ __ ______8. I u nders ta n d t h at a p ers o n r e q uir e d t o f u rn is h t h is A ffid av it w ho w illf u lly f u rn is h ed a f a ls e o r fr a u dule n t a ffid av it i s g uil ty o f a m is d em ean or a n d, u pon c o nvic tio n, m ust b e f in ed n ot m ore t h an on e t h ousa n d d olla rs o r i m pris o ned n ot m ore t h an o ne y ear, o r b oth . Quitclaim Deed - Page 5 - _______________________________________Grantor, Grantee or Legal Representative(Connected with this transaction) Sworn to before me this _____ _ _________________________day of ______________, 20_ _____ (P rin t o r T ype N am e H ere )_ _ _____ _________________ _____N ota ry P ublic f o r _ _________ ________M y c o m m is sio n e x pir e s _ ____ _____________State of South Carolina ) )Probate County of ____________ ) Personally appeared before me the undersigned witness, who on oath deposes and says that s/he saw the within named Grantor by their act and deed sign and seal the within deed and deliver the same, and s/he, with the other subscribing witness, witnessed the execution thereof. ____________________________________ Witness Sworn to before me this ______ dayof __________________, 20______.____________________________________Notary Public for ________________________________________________My Commission expires: __________________