Quitclaim deed
If you are the named Agent on a Financial POA can the Principal Quitclaim their half of ownership in their house over to the Agent?
Asked on 5/05/07, 10:36 am
1 Answer from Attorneys
Robert Thompson
J. Robert Thompson Attorney
Re: Quitclaim deed
Yes, but the transaction may be questioned because of the relationship, even if the principal signs the deed.
Under no circumstances should you use your POA to execute a deed to yourself, even with full and adequate consideration--you will be asking for a lawsuit.
Answered on 5/06/07, 2:01 pm
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