What are resignation deeds used for?
Anyone who has ever had to go through a legal process (and that’s pretty much everyone) knows that there are a lot of paperwork involved. One of the most common types of legal documents is a quitclaim deed. This is basically the documentation that allows a person to assign their rights to a piece of property to another person or entity. In effect, the person signing the deed to these papers transfers ownership of that property to someone else.
A quitclaim deed is most often used to deal with family matters. A divorce, for example, often involves a quitclaim deed. If a married couple is divorcing and says the house and land go to the wife, she can ask the husband to sign a quitclaim deed. The result will be that the husband will no longer have legal rights to the property. The process can be applied in the opposite way: the wife signs this document in favor of the husband.
This can also be done between other family members. Let’s say that the parents of two siblings have passed away and a child does not want to keep any rights to a property that their parents have passed on to them. This child may choose to sign a QC deed, which relinquishes his property rights to the other sibling. How is a resignation deed executed? The process is relatively easy. The first step is to obtain a legal description of the property in question. The more information you have about it, the better.
The next step is to purchase a blank QC writing form. You can buy it at most bookstores or office supply stores. You can even leave blank forms online. Next, you must complete this form. This is where you need to be careful, as even the slightest mistake on the form can make it legally invalid. Double check your figures and facts, and make sure your handwriting is legible. Please note that the “grantor” is the person (or persons) relinquishing their rights to the property. The “grantee” is the person who receives the rights to the property.
Once the resignation deed is fully completed, all the people involved have gathered in the office of a notary public. This means that all grantors and beneficiaries must be present and sign the document in front of the notary public. You will then notarize the form, making it legally binding. Be sure to create photocopies of the deed for your own records.
The last step is to file the deed of resignation with the county clerk’s office. This will require a small fee, but is a necessary step to formally legalize the agreement between the grantors and the grantees. A quitclaim deed is a legal document used to assign property rights from one person (the grantor) to another (the grantee). You can find blank quitclaim deeds online to make it easier for you to fill them out correctly.