If My Husband and I Own Real Estate in a Partnership with Others and I Want Out, Can We Simply Create a Quitclaim Deed?

A completed Quitclaim Deed signed by all of the listed owners of the current deed could certainly be used to transfer the property ownership as desired.

For such a document see, Standard Legal’s Quitclaim Deeds package.

But transferring the property ownership from both spouses to one would not necessarily change the nature of the ownership within the Partnership.

If partnership distributions are to made on partnership interest (versus real property ownership), the partners may need to review the Partnership Agreement to ensure that it meets their current needs and desires.

If a new Partnership Agreement is warranted based on these changes, the document can be created using the legal forms software package detailed at Standard Legal’s Partnership Agreement option.