Lexington, KY asked in Real Estate Law for Virginia

Q: How does one gift real property in VA? Via quit claim deed?

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1 Lawyer Answer
Ross Cameron Hart
Ross Cameron Hart
Answered
  • Salem, VA
  • Licensed in Virginia

A: You simply have a deed prepared, sign it and deliver it.

A good lawyer (only lawyers can write deeds for a fee - it's considered the practice of law) will draft it as a 'Deed of Gift' and recite the section of the code that exempts the deed from recording taxes.

A 'Quit Claim' deed is where you release any rights you may have (even if none) to a particular property. You can legally 'quit-claim' your rights to the Brooklyn Bridge; that you never had any doesn't matter.

Yes, a deed of gift can be a quit claim deed, but it doesn't have to be.

A good real estate lawyer can explain in better detail.

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