- Jurisdiction
- West Virginia
I understand mitigating circumstances, trust provisions, and state regulations could affect the answer, but in general....
We have a family trust that owns a large tract of remote timberland. 1 of the beneficiaries wants to make a distribution request. Without dividing up the tract, Could a Quitclaim deed be used to transfer interest to the beneficiary? Is there a better instrument that could be used? Could this interest then be willed to descendants?
We have a family trust that owns a large tract of remote timberland. 1 of the beneficiaries wants to make a distribution request. Without dividing up the tract, Could a Quitclaim deed be used to transfer interest to the beneficiary? Is there a better instrument that could be used? Could this interest then be willed to descendants?