Legal Question in Real Estate Law in Missouri

quick claim deed

we were told by a lawyer to put our son's name on our house by quick claim deed, when i asked the best way to get the house to my son, by the cheapest way, sp he wona't get a ton of taxed to be paid etc. this is the only think we have to leave. then we were told by someone else that this is the most expensive way to elave him the house. which way is the correct way thanks


Asked on 2/29/04, 10:47 am

1 Answer from Attorneys

Michael R. Nack Michael R. Nack, Attorney at Law

Re: quick claim deed

For your future reference, the phrase is "quit claim" not "quick claim". This is a rather common mistake. If your intention is to leave the property to your son upon the death of the last to survive between husband and wife, then you would be well advised to execute a beneficiary deed. That way, you can borrow money against the property, rent the property out, or even sell the property if you wish to do so without any input from you son such as he would have if you put his name on the property as a joint tenant. If you choose to just transfer the property to him now, you could do so by a quit claim deed but that would leave you with no ownership and no rights basically to the property. Is this what you want to do? Either deed can be prepared by an attorney and recorded for a modest fee. If you need any further assistance, you may call me at 314-727-2822.

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Answered on 3/01/04, 12:30 am


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