![]() ![]() If the property has no title issues, it is said to have clear title. ![]() Title issues often require legal action to fix and can decrease the value of real estate. Title issues can be caused by many things, including errors in the public record, unknown liens against the property, undisclosed prior conveyances, forged deeds, missing heirs or unprobated wills, or disputes about boundary lines or surveys. If the deed creates a life estate but conveys the property without a warranty of title, the deed may be both a life estate deed and a quit claim deed. The owner can revoke or change the beneficiary designation or freely sell or deal with the property.Īlthough a quit claim deed is legally distinct from a life estate deed, the same instrument can be both. Washington TOD Deed Form – Also known as a transfer-on-death deed, this deed form passes property to the owner’s beneficiaries at death without giving up control during the owner’s life.The life tenant cannot sell, mortgage, or otherwise deal with the property during life without the written consent of the remainder beneficiaries. Washington Life Estate Deed Form – Creates an inheritable remainder interest that passes to remainder beneficiaries on the death of the life tenant, who holds a life estate.But unlike a bargain-and-sale deed, the warranty is defined in the deed itself and not implied by statute.Ī quit claim deed also differs from two other Washington deeds that are named after their use as estate planning tools to avoid probate: Washington Special Warranty Deed Form – Like a bargain-and-sale deed, a special warranty deed provides a limited warranty of title that is limited to the period when the grantor owned the property.Washington Bargain-and-Sale Deed Form – Provides a limited warranty of title that is defined by statute and limits the grantor’s liability to the period when the grantor owned the property. ![]()
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