A Will operates to direct the distribution of assets owned by the deceased in the deceased's name alone at the time of death. A quit claim deed operates to convey whatever interest the grantor owned in the property at the time the deed is signed and delivered.
Why would someone do a quit claim deed?
Quitclaim deeds are most often for transferring property between family members or to cure a defect on the title, such as a misspelling of a name. ... They may also be used when a property transfers ownership without being sold, that is when no money is involved.
What are the disadvantages of a quit claim deed?
Disadvantage. The great disadvantage for the grantee who takes property using a quitclaim deed is the fact that if events prove that the grantor had no title, or limited title, to the property, the quitclaim deed does not allow the grantee to sue the grantor.