Fill and Sign the Vermont Quitclaim Deed Form

© 2016 - U.S. Legal Forms, Inc.       VERMONT QUITCLAIM DEED [Five (5) Individuals to Four (4) Individuals]       Control Number: VT-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 Vermont, 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. 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This document prepared by (and after recording return to): -------- Above This Line Reserved For Official Use Only-------------Name:       Firm/Company:       Address:       Address 2:       City, State, Zip:       Phone:       Parcel ID No.       QUITCLAIM DEED (Five Individuals to Four Individuals) KNOW ALL MEN BY THESE PRESENTS THAT: IN CONDIDERATION OF TEN DOLLARS ($10.00) AND OTHER GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged: GRANTORS:       , whose mailing address is       ;       , whose mailing address is       ;       , whose mailing address is       ;       , whose mailing address is       ; Quitclaim Deed Page 1 of 4 and       , whose mailing address is       ; DO HEREBY REMISE, RELEASE AND FOREVER QUITCLAIM UNTO GRANTEES:       , whose mailing address is       ;       , whose mailing address is       ;       , whose mailing address is       ; and       , whose mailing address is       ; as       , the following lands and property, together with all improvements located thereon, lying in the County of       , State of Vermont, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Quitclaim Deed Page 2 of 4 IN WITNESS WHEREOF, the Grantors have executed this Deed on the day and year set forth below. Date:       Date:       (1 st Grantor’s Signature) (2 nd Grantor’s Signature)             Print Name Print Name Date:       Date:       (3rd Grantor’s Signature) (4th Grantor’s Signature)             Print Name Print Name Date:       (5th Grantor’s Signature)       Print Name STATE OF       , COUNTY OF       On this       day of       , 20       , before me personally appeared       (name of person acknowledging) to me known to be the person who executed the foregoing instrument, and he thereupon duly acknowledged to me that he executed the same to be his free act and deed. Notary Public       Quitclaim Deed Page 3 of 4 Print or Type Name My commission expires:       STATE OF       , COUNTY OF       On this       day of       , 20       , before me personally appeared       (name of person acknowledging) to me known to be the person who executed the foregoing instrument, and he thereupon duly acknowledged to me that he executed the same to be his free act and deed. Notary Public       Print or Type Name My commission expires:       STATE OF       , COUNTY OF       On this       day of       , 20       , before me personally appeared       (name of person acknowledging) to me known to be the person who executed the foregoing instrument, and he thereupon duly acknowledged to me that he executed the same to be his free act and deed. Notary Public       Print or Type Name My commission expires:       STATE OF       , COUNTY OF       On this       day of       , 20       , before me personally appeared       (name of person acknowledging) to me known to be the person who executed the foregoing instrument, and he thereupon duly acknowledged to me that he executed the same to be his free act and deed. Notary Public       Print or Type Name My commission expires:       STATE OF       , COUNTY OF       Quitclaim Deed Page 4 of 4 On this       day of       , 20       , before me personally appeared       (name of person acknowledging) to me known to be the person who executed the foregoing instrument, and he thereupon duly acknowledged to me that he executed the same to be his free act and deed. Notary Public       Print or Type Name My commission expires:       Send tax statements to:                   Quitclaim Deed Page 5 of 4 EXHIBIT A Grantors:                               Grantees:                         Legal Description:       Quitclaim Deed Exhibit A