Liability Of Grantor Of Quit Claim Deed

[Dilwyn]

Property is in NJ.If I grant quit claim deed to property (in NJ), do I expose myself to liability (tax lien) on property?

[Roland]

Laymans consider: No, and you're not even necessary to recognize a bequest and a quit cali doesn't even say you got a bequest simply that you ded over any rights to same--the practical issue is that the untimate customer or owner of all the stocks may somehow need certainly to sort out the tax bills.HOWEVER before you quit claim an invaluable NJ home over several tax $$ it may be a good idea to sort out all the tax expenses and ideals and your possible share?

[Gotthard]

thx for reply.Here is a few extra depth:A family member died a long time previously without bequething the property, and property taxes were outstanding. Subject continues to be within the deceased's name. I and various other living relatives recently became conscious of this case and name hasn't been used in anybody,however. Easily quitclaim my curiosity, am I today revealing myself to some liability for your outstanding fees?

[Townly]

Home taxes are nearly always likely to operate using the terrain. And therefore any operator is probably responsible through the home - a lien.Taxes may also develop individual responsibility. If that connected, then your quitclaim usually would not remove it.A quitclaim deed does not need that you've ANY real possession initerest within the home. I will provide you with a QC about the Brooklyn Bridge. I do not possess any section of it, therefore no liability for fees might actually affix to me.

[Hwithloew]

Possibly.In concept, when the quit claim deed is registered, the new owner is likely to be responsible for any taxes that come due after the move date.But if there are already taxes payable or perhaps a tax lien that already exists that you do not tell the new owner about, the taxing power might not come after you, however the new owner undoubtedly will.