A quitclaim deed is a quick, easy, inexpensive way of giving, selling or otherwise conveying real estate located in Louisiana to someone else. The main benefit of using this form of transferring property is that you do not make any warranty of the title to the real estate and you do not promise to defend the person receiving the property against any and all claims to title. All you do in using a quitclaim deed is to say to the person that whatever interest you have in the property you now transfer to him or her.
Power of Attorney Deed
A quitclaim deed can be used by those who hold a power of attorney to act on behalf of someone else. Using such a deed will allow you to transfer property without taking on potential liability should defects in the title to the property be discovered by the buyer or any subsequent buyers. Louisiana Revised Statutes give this right specifically to anyone having a military power of attorney.
Between Spouses Quitclaim Deed
A quitclaim deed can be used in Louisiana as a quick and easy way to transfer property between spouses. This can be done either after marriage or after divorce. This form can be used also to transfer property from parents to children.
You can use a quitclaim deed to transfer property to a trust and to transfer property out of a trust. In this way you do not incur any potential liability for defects in title to the property and if the trustee makes a transfer then the trustee does not take on any personal liability for defects in title. In addition, the usual expense of title searches and title insurance can be avoided unless the buyer insists on having a clear title and the buyer assumes all costs of a title search and/or title insurance.
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