A Quit Claim Deed in Trust is a way to title real estate in the State of Illinois. A Quit Claim Deed means that a grantor (person selling property or gifting property) is giving their interest to the grantee (the person receiving property) without guaranting or insuring good title.
Unlike a Warranty Deed, a Quit Claim Deed in Trust is a type of Quit Claim Deed that is transferred to as Trust such as a Living Trust or Revocable Living Trust. A Warranty Deed is a transfer of deed that warrants to the purchaser that they have good title.
When performing your estate planning goals, an attorney will transfer your home or other properties via a Quit Claim Deed in Trust in Illinois.
Sean Robertson is an estate planning and asset protection attorney. Sean Robertson has a downtown Chicago and Naperville, Illinois. Sean Robertson can be reached at either (312) 498-6080 or (630) 364-2318.
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