Ownership Disputes

• Should a dispute over ownership arise, a quitclaim deed can clarify precisely who has an interest in a property. In other words, quitclaim deeds can determine who has full title, or absolute ownership, of the property.
  
  

Corporate Tranfers

• Quitclaim deeds can be used to transfer real estate to a limited liability company (LLC) or a corporation. Corporations may use quitclaim deeds to put real estate under the protection of a subsidiary or affiliated company.
  
  

Trusts

• The third most common reason for which a quitclaim deed is used is to transfer real estate or other property to a trust. Families often use quitclaim deeds in this way to protect property for future generations, especially when grantees are not yet eligible--usually because of age--to inherit the property and all of its liability.