[WI] How do I use a quitclaim to purchase my mother’s house from my siblings?
I am filling out a quitclaim deed for my deceased mother's home. My three siblings and I currently own the property. My husband and I are purchasing it for $380,000, which will be divided between the four of us. I understand that I need to create a quitclaim for each sibling with the amount of $95,000 listed for money in hand. Seeing I am buying the house from my siblings, do I need to fill one out for myself?
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It may be best to use one quitclaim deed and have your siblings sign it. You can add a second signature page. However, they all have to be notarized. So you could have each signature notarized separately if you can't get everyone in a room together. Filing multiple deeds can cloud the title, since it often confuses the clerk.
You do not need to do a quitclaim deed, as everyone is quitclaiming their interest to you, since you are purchasing the property.
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Wisconsin Quit Claim Deed
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I am filling out a quitclaim deed for my deceased mother's home. My three siblings and I currently own the property. My husband and I are purchasing it for $380,000, which will be divided between the four of us. I understand that I need to create a quitclaim for each sibling with the amount of $95,000 listed for money in hand. Seeing I am buying the house from my siblings, do I need to fill one out for myself?
Lexi, Chatbot
Are you looking to ensure that the transfer of ownership is legally binding and properly documented for all parties involved?
Yes. I have discussed this with a realtor, who advised me to do this online and bring the document to the courthouse to be filed.
Elizabeth
Hi there! Welcome to AskaLawyer. My name is Liz, and I’ve been an attorney for more than a decade, and I am here to assist with your concerns. So I can best help, do your siblings all live near you?
Hello! Yes, we are all in the same area.
Elizabeth
Thank you for clarifying that. Have you considered doing one quitclaim deed with all of your siblings signing?
Yes, I can do that. However, the form only allows for two entries. Also, there is an issue getting everyone in the same room.
Elizabeth
It may be best to use one quitclaim deed and have your siblings sign it. You can add a second signature page. However, they all have to be notarized. So you could have each signature notarized separately if you can't get everyone in a room together. Filing multiple deeds can cloud the title, since it often confuses the clerk.
You do not need to do a quitclaim deed, as everyone is quitclaiming their interest to you, since you are purchasing the property.
This is what the form says: “If the grantor is a combination of individuals, one deed for each individual is required for each.”
Elizabeth
May I ask, which state are you filing in?
Wisconsin.
Elizabeth
Thank you for clarifying. In Wisconsin, you could do it either way. You could have one deed for each or have them all sign one deed, as long as it's clear each is turning over their interest.
I am going to do it individually. Is the price I fill out on the form 1/4 of the sale for each?
Elizabeth
If you agreed to purchase for $380,000, that should be divided amongst your siblings for the price.
Great, perfect! Once they are signed and notarized, do I then just take them to the courthouse to be filed?
Elizabeth
It will go to the register of deeds.
And if everything is as it should be, we pay the fee, and all is well?
Elizabeth
Correct, you pay, it’s filed, and then all should be well.
Elizabeth
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