Updated almost 8 years ago on . Most recent reply
Help with Quit Claim deed preparation
I am currently on title with my step-father. We are preparing a Quit Claim Deed to release my step-father from title.
My question is: since we are both already on title, which of the following best describes our situation: (Note: no money is being exchanged and he will not be living in the property)
- A gift among family members where no money is exchanged
- A transfer among family members where only nominal consideration is given