How do I give away or transfer my share inreal estate to the other property owners?

Get Legal Help Today

 Secured with SHA-256 Encryption

How do I give away or transfer my share inreal estate to the other property owners?

My family and I own a condo and all of our names are on it, including mine. I am moving out of state ( I am in my 20’s) and they do not know but I wanted to get rid of my name on the property and leave it to them without any benefit from it or anything whatsoever. What form or deed(s) do I need to fill out to do this transfer/gift?

Asked on October 20, 2011 under Real Estate Law, Illinois

Answers:

S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

You can file a quitclaim deed.  A quitclaim deed releases your ownership rights in the property to the other property owners.  You and the other property owners should sign the quitclaim deed in the presence of a notary.  The quitclaim deed should then be recorded (filed with the County Recorder's office).


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption