Fill and Sign the Deed Husband and Wife Form

© 2016 - U.S. Legal Forms, Inc.       KENTUCKY QUITCLAIM DEED [Two Individuals / Husband and Wife to Two Individuals / Husband and Wife] Control Number: KY-022-77 I. TIPS ON COMPLETING THE FORMS The 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 Kentucky, real property can be held by more than one person (a.k.a. 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 example: “. . . as in Common , . . .” “. . . as Joint Tenants with the Right of Survivorship , . . .” “. . . as Tenants by the Entireties , . . .” C. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Kentucky. 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. Return to:                   QUITCLAIM DEED STATE OF KENTUCKY ) ) COUNTY OF       ) THIS QUITCLAIM DEED , made this       day of       , 20       , by and between” GRANTORS :       , whose address is       , and       , whose address is       , Husband and Wife , AND GRANTEE S:       , whose address is       , and       , whose address is       Individuals . WITNESSETH : That, for a valuable consideration, the receipt of which is hereby acknowledged, the Grantors hereby quitclaim and convey unto the Grantees, as       , in fee simple, all of their right, title and interest in and to the following described property in       County, Kentucky, to wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Quitclaim Deed Page 1 of 4 Being the same property acquired by       and       , by deed dated       , of record in Deed Book       , Page       in the office of the County Clerk of said county.. IN WITNESS WHEREOF, the Grantors execute this instrument this the ______ day of __________________ , 20 ______ . (1 st Grantor’s Signature) (2 nd Grantor’s Signature)             Type or Print Name Type or Print Name STATE OF KENTUCKY, COUNTY OF       The foregoing instrument was acknowledged before me this       (date) by       (name and position). Signature of Personal Taking Acknowledgment       Title of Rank       Serial Number, if any. STATE OF KENTUCKY, COUNTY OF       The foregoing instrument was acknowledged before me this       (date) by       (name and position). Signature of Personal Taking Acknowledgment       Title of Rank       Serial Number, if any. Quitclaim Deed Page 2 of 4 This instrument was PREPARED by: Name:       Address:             Signature       Type or Print Name NOTE : Unless otherwise directed in the future, all Tax Statements should be sent to the following individual, or organization, at the following address: Name:       Address:             Quitclaim Deed Page 3 of 4 CERTIFICATION OF CONSIDERATION We,       ,       ,       and       , do hereby certify, pursuant to KRS Chapter 382, that: (select one of the following) the consideration for the property and other interests herein conveyed is payable in cash and in kind consideration equal to the fair cash value of the property which is $       ; or the transfer is by gift or with nominal or no consideration and that the property has an estimated fair cash value of $       . We further certify our understanding that falsification of the state consideration or sale price of the property is a Class D felony, subject to one to five years imprisonment and fines up to $10,000.00. Grantors: Signature       Type or Print Name Signature       Type or Print Name Grantees: Signature       Type or Print Name Signature       Type or Print Name Quitclaim Deed Page 4 of 4 EXHIBIT A Grantors:             Grantees:             Legal Description:       Exhibit A