Understanding the Role of Quitclaim Deeds in Family Property Transfers

What is a quit claim deed? A Quitclaim Deed is a legal document used to transfer interest in real estate without providing guarantees or warranties about the property's title. Unlike other deed types, it does not guarantee that the grantor has clear ownership. Instead, it releases any claim the grantor may have, if any, on the property. Know about the common situations for using it within a family.