Help with Quit Claim deed preparation

[Pamela Baker]

I am currently on title with my step-father.  We are preparing a Quit Claim Deed to release my step-father from title.  

My question is: since we are both already on title, which of the following best describes our situation:  (Note: no money is being exchanged and he will not be living in the property)

• A gift among family members where no money is exchanged
• A transfer among family members where only nominal consideration is given