Constructive Trust. A constructive trust is not an actual trust by the traditional definition. It is a legal fiction that is used as a remedy for unjust enrichment. Hence, there is no trustee, but the constructive trust orders the person who would otherwise be unjustly enriched to transfer the property to the intended party. wex: COMMERCE.
In the past, quitclaim deeds gave complete ownership to the holder after seven years of uncontested use â even if the person who gave you the deed wasnât the real owner. Now, itâs not as simple. More documentation is required as listed in the Official Code of Georgia.
1 On average, using a lawyer to file a quit claim deed is going to cost anywhere from as little as $400 to more than $1,000. 2  The costs will depend on the complexity, geographical location and the lawyer youâre using. When a quitclaim deed is signed, the property owner gives up his or her claim on the property. 2  It is a common instrument used to transfer title as a gift, add a family member as a co-owner, or remove the name of an ex-spouse from the title.