Irvine, CA (PRWEB) August 27, 2014
Deedandrecord.com is an online resource for Florida timeshare owners to change ownership by deed. Deeds are used to change ownership between spouses, gift or fund a trust. A deed is an eight and one-half by 11 inch paper signed by an owner of the real property that transfers ownership. Deeds are either “warranty deeds” “grant deeds” or “quit claim deeds.”
Grant deeds and warranty deeds have the owner’s promise that he or she has not conveyed the property to someone else and the real property does not have any undisclosed outstanding taxes or debts secured by the real property. A quit claim deed conveys ownership “as is.” Either of these deeds can be used to gift timeshares, fund a trust or change ownership between spouses.
In divorce or dissolution of marriage, ownership of a Florida timeshare is awarded to one spouse. The spouse awarded the timeshare must be the sole owner in order to sell the property or prevent the other spouse from using the timeshare. Until the non-owning spouse is removed as owner he or she will remain liable for maintenance and other costs. If the non-owning spouse remains on title as owner he or she could inherit the timeshare upon the death of the other spouse.
The non-owning spouse must convey his or her ownership interest by signing a new quit claim deed. His or her signature is both witnessed and notarized. The deed is then recorded with the Clerk of the Court in the County where the timeshare is located. Finally, a copy of the recorded deed must be sent to the resort company so that they can update their records.
In another scenario, people create Living Trusts in order to avoid probate in the future. Change in ownership of the timeshare must then be transferred by deed from the current owner to the current owner as trustee of his or her trust. On death of the timeshare owner the successor trustee transfers the timeshare by deed to heirs of the decedent.
As a low-cost alternative to a trust an owner of a timeshare may create a joint tenancy. The owner adds a child or younger relative as owner in joint tenancy. In joint tenancy the deceased owner’s interest “disappears” by operation of law and the survivor becomes the sole owner. Joint tenancy can avoid probate without a trust.
Deed and Record is an online service to prepare deeds for timeshare transfers into or out of trusts, transfers to remove former spouses and transfers to add or remove relatives. The Company records deeds it has prepared with the Clerk of the County Court. Deed and Record does not offer legal advice or services.
The Company markets through websites, primarily DeedAndRecord.com. The owner of the websites is Mark W. Bidwell, an attorney licensed in California with affiliated attorneys in Florida. Office is located at 18831 Von Karman Avenue, Suite 270, Irvine, California 92612. Phone number is 949-474-0961. Email is Admin(at)DeedandRecord.com.