When a person has filed a Quit Claim Deed, does this mean the person who filed it no longer can claim property as an asset or be considered ...

Question

When a person has filed a Quit Claim Deed, does this mean the person who filed it no longer can claim property as an asset or be considered as an asset.

Answer

Yes. They quitclaimed the property to the recipient under the deed. They don't own it anymore as a matter of record title.

Answer

You are correct. Once the property is quitclaimed then they no longer are on the title as owner.