Divorce: What's a Quitclaim Deed?

Posted by William H. Sherman on May 12, 2015 | 0 Comments

Question:   I have to do a quitclaim deed as part of my divorce.  My wife got to keep the house.  The house has equity in it.  I get to keep our joint savings account, our art collection and our brokerage account.

I think my wife got a better deal but I understand that I have to give her the house as part of our divorce. 

We live in Roswell, GA, and we put a lot of money down on the house so it always had equity even when we were in the Great Recession.  Our down payment was very large and we always made extra mortgage payments.

Our savings account was pretty big because we always saved money.  We collected a lot of art and had some expensive prints and paintings.  Our brokerage account is really not large.  I invested in a lot of Internet stocks years ago and they lost a lot of value.  But recently I had some mutual funds that made money.

Please tell me exactly what a quitclaim deed is and how it works and if you can do one for me.  Thanks.

V.A. in Roswell, Georgia

Answer:   A quitclaim deed is used to convey an interest in real property.  It passes any title, claim or interest that one person has to another person.  It contains no warranties or guarantees so it just passes whatever interest you have in the property to your wife.  Once you “quitclaim” your interest in the house to your wife, she will then own the whole home, not just half of it.

Quitclaim deeds are often used in divorce situations to transfer an interest in property to a spouse or former spouse. 

We have done many quitclaim deeds for clients.  As with any legal transaction, quitclaim deeds should be drafted properly and filed correctly. 

About Us

When you need a Roswell divorce lawyer to handle a quitclaim deed issue, we're here to help.  If you have a question about a quitclaim deed, call us now at 678-215-4106. 

Take advantage of our lengthy and valuable experience, including serving as a Magistrate Judge, an Assistant Attorney General and as a Senior Assistant County Attorney. 

When you need a lawyer, we will answer any questions you have and help you navigate through the entire process.  We handle matters throughout the Atlanta metro area and North Georgia.

About the Author

William H. Sherman

With a professional background that includes serving as a Senior Assistant County Attorney and as an Assistant Attorney General, attorney William H. Sherman has great experience, a broad range of legal knowledge and a proven record of success.  Each of Mr. Sherman's clients gets the full benefit of his experience.  Because attorney Sherman has worked for governmental organizations, large corporations and clerked for a judge, he has handled a wide variety of cases from negotiation and trial to successful appeal. Mr. Sherman is very proud of his reputation as a problem-solver who is always available to his clients.  Active in the community, Mr. Sherman and his wife, attorney Valerie Sherman, support many community organizations, sports teams and charities.  Call him now and let his experience work for you.

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