A letter to transfer the ownership of a house must be written in the form of a quitclaim deed, a grant deed or a warranty deed, according to LegalZoom. For all three documents, the basic information must include the names of the old and new owners, a description of the property and the signature of the old owner, according to Nolo.Know More
In addition to the name of the old owner, legally known as the grantor or seller, and the new owner, called either the grantee or buyer, the documents must include identifying information about the property, such as the lot, tract and assessor's parcel numbers, according to the Clerk Recorder of Stanislaus County. Depending on the location, the letter may also need to include tax information, such as a transfer tax declaration and mailing information for future tax statements.
The signatures of all grantors in the transfer are required with proper notarization. When submitting a quitclaim, the grantor simply transfers their entire rights to the property over to the grantee, without providing any promises or guarantees about the property, according to LegalZoom. In contrast, both a grant deed and a warranty deed make certain promises to the grantee, such as ensuring that there are no other claims of ownership and no liens on the property, according to Nolo.Learn more about Financial Planning
A warranty deed is a document that transfers the ownership of real estate property from one person to another. The warranty deed also guarantees that the seller of the property holds clear title to the property and has a legal right to sell it to the buyer.Full Answer >
The executor of a will is changed through a codicil, which is an amendment to a will, according to A.L. Kennedy for LegalZoom. The codicil is written on a separate sheet of paper with the exact wording used in the original will to name the executor, except it has the new executor's name.Full Answer >
To contest a will or trust, an individual must file the necessary paperwork and all relevant documentation with the probate court in the state where the testator of the will or trust died, according to Piper Li for LegalZoom. Litigants may file the paperwork themselves or through an attorney.Full Answer >
A life estate is when a parent transfers the ownership to his home to his children, but reserves the right to live there until he dies, says Lawyers.com. A life tenant is the parent who retained the right to live in the home until death.Full Answer >