- 11 - the residence acreage, but she also was shown as a transferee on the quitclaim deed, along with Carrie, with both Marilou and Carrie thereafter owning the residence acreage as tenants in common. Thus, by this quitclaim deed Marilou effectively transferred her interest in the residence acreage to herself, and Richard transferred his one-half interest therein to Carrie. In connection with his transfer to Carrie of his interest in the residence acreage, no consideration was received by Richard. Susan did not participate in this transfer affecting the residence acreage, and none of the $45,892 in funds Susan provided in connection with the transfer of the farm acreage related to the transfer involving the residence acreage.4 4 Two months earlier, on July 17, 1998, without Susan’s, Carrie’s, Tracy’s, and Deborah’s knowledge, Richard had executed two quitclaim deeds purporting to transfer to Carrie, Tracy, and Deborah his one-half interest in the farm acreage and to Carrie his one-half interest in the residence acreage. Although these two quitclaim deeds were recorded with the Kennebec County, Maine, Registry of Deeds, no consideration was paid to Richard for these quitclaim deeds, and copies of the quitclaim deeds were not delivered by Richard to Carrie, Tracy, and Deborah. On these facts, the quitclaim deeds apparently would not have been effective under Maine law either to transfer Richard’s ownership interest in the farm acreage to Carrie, Tracy, and Deborah or to transfer Richard’s interest in the residence acreage to Carrie. Respondent asserts that the transferee liability of Carrie, Tracy, and Deborah at issue herein arises under either Richard’s July quitclaim deeds or under the September deeds. We consider Carrie, Tracy, and Deborah’s transferee liability only under the September deeds, and hereinafter we generally disregard Richard’s July quitclaim deeds.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011