Posted by Mindy_WA on 9/20/07 4:48pm
Msg #212302

Funny wording on a Quit Claim...

I'm printing docs and came acrossed this wording on a QCD, conveying property from 'sole & separate' to 'joint tenants'.

It says: "The Grantor, [Jane A Doe], as her sole and separate property, for and in consideration of love and affection, conveys and quit claims to [Jane A Doe and John A Doe], wife and husband....

I've never seen it worded that way. How warm and fuzzy...

Reply by Linda_H/FL on 9/20/07 4:52pm
Msg #212303

Wording used on transfers between spouses to avoid having to pay any transfer tax/documentary tax/conveyance tax (whatever it's called in WA) - if they put a consideration in there (usually $100 or more) there's a conveyance tax due the city/county and sometimes the state.

Reply by Mindy_WA on 9/20/07 7:43pm
Msg #212341

Re: Linda...just never seen it put that way, it's always...

been, 'in and for consideration of $10.00' when I have seen them.

Reply by Linda_H/FL on 9/20/07 8:24pm
Msg #212347

Re: Linda...just never seen it put that way, it's always...

Did a few with that wording way back when I first started as a legal secretary...that's the only reason I know about it - more recent form was "$1.00 and other valuable considerations but less than $100.00"...

Reply by Linda_H/FL on 9/20/07 4:52pm
Msg #212304

Wording used on transfers between spouses to avoid having to pay any transfer tax/documentary tax/conveyance tax (whatever it's called in WA) - if they put a consideration in there (usually $100 or more) there's a conveyance tax due the city/county and sometimes the state.

Reply by Linda_H/FL on 9/20/07 4:57pm
Msg #212306

Re: Dang twitch....but I should add

Can be used on ANY Quit-Claim Deed between any parties where there is no consideration (payment made)...not just between spouses.

Reply by janCA on 9/20/07 6:09pm
Msg #212316

Gag! "For and in consideration of love and affection", until the divorce. To put this on a legal document, oh gag again. Sorry, don't mean to offend anyone.

Reply by Stoli on 9/20/07 6:19pm
Msg #212319

My mother granted property to my sister with this language. n/m

Reply by Mindy_WA on 9/20/07 7:41pm
Msg #212340

Re: Jan

I thought that too. Just got back from the signing, and the borrowers had only been married for a year, and they thought it was GREAT! Actually stopped and did the ~gaze~ into eachothers eyes...

Yes, until the divorce...hopefully that never happens. Then, I wonder if it will be 'for and in consideration of hatred and despise'?

Reply by jba/fl on 9/21/07 9:14am
Msg #212397

Cute Mindy_WA n/m

Reply by christiSocal on 9/20/07 6:36pm
Msg #212327

ummm, marriage certs aren't that mushy. n/m