Fill and Sign the Quitclaim Deed Llc 497306788 Form

© 2015 - U.S. Legal Forms, Inc.       INDIANA QUITCLAIM DEED [Limited Liability Company to Two Individuals / Husband and Wife] Control Number: IN-034-77 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 Indiana, 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 Entireties - 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 tenants in common , . .” 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 Indiana. 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. Grantee(s) (name, address and telephone) :                         QUITCLAIM DEED [LLC to Two Individuals/Husband and Wife] THIS INDENTURE WITNESSETH , that       , a limited liability company organized under the laws of the state of       and duly authorized to transact business in the state of       street address is       , in the City of       , state of       , hereinafter referred to as “Grantor”, does hereby RELEASE AND QUITCLAIM To Grantees:       , whose address is       : and       , whose address is       , husband and wife , as tenants in common , for the sum of       Dollars, the following described REAL ESTATE in       County, in the State of Indiana , to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Prior Instrument Reference: Instrument No. (10 Digit):       / Book       Page       IN WITNESS WHEREOF, the said       has caused its name to be hereunto subscribed by its managing member this ______ day of ____________ , 20 ______       A Limited Liability Company Company By: Signature       Type or Print Name Its:       Quitclaim Deed Page 3 of 3 STATE OF INDIANA ,       County, ss: Before me, the undersigned, a Notary Public in and for said County and State, personally appeared the within named       , who acknowledged the execution of the foregoing QUITCLAIM DEED, who, being duly sworn, stated that the representations therein contained are true. Witness my hand and       Seal this       day of       , 20     . Notary Public. Resident of       County. My Commission expires       , 20     This Instrument was prepared by:                   Telephone:       Signature       Print or Type Name After Recording, return to:                   Telephone:       Affirmation Statement I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required by law. Signature       Print or Type Name Quitclaim Deed Page 3 of 3 EXHIBIT A Grantors:       Grantees:             Legal Description:       Exhibit A