Legal Question in Real Estate Law in Illinois
Quit claim deeds
My four cousins (two couples)own property in joint tenancy. The one couple would like to quit claim their interest to the other(designated)couple. Can they quit claim their interest? Or must all four quit claim to a third party who then quit claims back to the designated couple?
1 Answer from Attorneys
Re: Quit claim deeds
There is neither any reason why they should not be able to quit claim nor need any prior transfer to a third-party. However, check the existing joint tenancy under which they are operating. Does it allow what they are planning? That is, is there any clause prohibiting quit claim among the parties? If not, let them go ahead. If you need any help in putting the quitclaim deed together or need further assistance, contact my office. Otherwise, seek good legal counsel to put the quitclaim deed together. Good luck.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
