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What does it mean when it says after the owners name on a deed trustee?
Wiki User
∙ 13y ago
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoWhen the term trustee follows the name of the grantee on a deed that means the person named has not taken title as an individual. They have taken title as the trustee for a trust. A trust is a legal arrangement for holding title to property and it cannot act for itself. A trustee must be appointed who acts on behalf of the trust according to the provisions in the document that created the trust.
When the term trustee follows the name of the grantee on a deed that means the person named has not taken title as an individual. They have taken title as the trustee for a trust. A trust is a legal arrangement for holding title to property and it cannot act for itself. A trustee must be appointed who acts on behalf of the trust according to the provisions in the document that created the trust.
When the term trustee follows the name of the grantee on a deed that means the person named has not taken title as an individual. They have taken title as the trustee for a trust. A trust is a legal arrangement for holding title to property and it cannot act for itself. A trustee must be appointed who acts on behalf of the trust according to the provisions in the document that created the trust.
When the term trustee follows the name of the grantee on a deed that means the person named has not taken title as an individual. They have taken title as the trustee for a trust. A trust is a legal arrangement for holding title to property and it cannot act for itself. A trustee must be appointed who acts on behalf of the trust according to the provisions in the document that created the trust.
Wiki User
∙ 11y agoWhen the term trustee follows the name of the grantee on a deed that means the person named has not taken title as an individual. They have taken title as the trustee for a trust. A trust is a legal arrangement for holding title to property and it cannot act for itself. A trustee must be appointed who acts on behalf of the trust according to the provisions in the document that created the trust.
Wiki User
∙ 13y agoThat means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
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Does it matter whose name is first on the deed to a house?
The order in which owners are listed on a deed does not affect the rights or responsibilities of the owners.
What is another name for a home owners paper?
Deed
Who is the trustee in a Deed of Trust?
A deed of trust is a deed that transfers ownership of real estate to a trust.Suppose William owns land and wants to transfer it to a trust in order to remove it from his individual ownership. William must have a trust drafted by an attorney and could name it the William's Family Trust. All the legally necessary provisions of the trust would be set forth in the trust document and a trustee would need to be appointed. Suppose the named trustee is Judith.William must transfer his land to the trust by executing a 'deed of trust' that names as the grantee Judith, as the trustee of the William's Family Trust. The grantee in a 'deed of trust' must be the trustee named in the trust document.A trustee's deed is a deed that transfers land from a trust. It must be executed by the trustee in office at the time of the transfer. Therefore, if the William's Family Trust decides to sell that property to Harry, the trustee's deed would recite Judith, as trustee of the William's Family Trust as the grantor, and Harry as the grantee.
How can you sell a paid off home inherited by you through a revocable trust?
If the property is owned by the trust, the trustee must execute a deed from the trust to you. In order to execute a validdeed the trustee must be given the power to sell real estate in the document that created the trust. Once the deed to you has been executed and recorded in the land records you will be the record owner and you can sell the property by executing a deed in favor of the purchaser.A deed from a trust should be executed in the trustee's name as the trustee of the trust. The grantor on the deed should be recited as, "Buddy Guy, as the Trustee of the Best Blues Trust" grants to BB King . . . ."
If my mother is deceased and the deed and home owners insurance is still in her name and the homeowner insurance lapsed How can I get new insurance?
Add your name to the deed.
Can you hold ownership of real estate through a secondary contract without being on the deed?
NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.
How do you find out who is the trustee on a vacant property?
First check the town assessor's records to obtain the owner's name. Then you can use the name to find the deed in the land records.
How do you add your name to deed when your grandparents have died?
You don't, only the owners of the property can change the deed. In this case, the executor of the estate will have to change the title.
How should the owner's name appear on a deed when the property is to be placed into a living trust?
The present owner of the property is the grantor and the trustee of the trust is the grantee. The grantor in the deed should be recited exactly the same as in their acquisition deed when they first acquired the property. The grantee should be recited as, " to Jill Smith as trustee of the Smith Family Trust under a Declaration of Trust dated June 18, 2009".
What if my Mom died sister is the trustee then did a quitclaims then put her name and your name as the tenants in common is the property still protected in the living trust in ca.?
If your sister is the trustee of a valid trust and has power to transfer title to real estate owned by the trust then her deed as trustee transferred the property to you and her as individuals. The property is no longer owned (protected by) by the trust.
How can a home in a trust be removed by a trustor and put in the Trustor and Trustee name?
You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.
How is a trust funded?
Property that will become trust property must be transferred by the legal owner to the trust. Bank accounts can be reopened in the name of the trust and its trustee. Real property must be transferred by deed from the the record owner to the trustee of the trust. Since a trustee is the agent with the power to act for the trust, real property transfers should be made to the trustee. For example, a deed should recite the grantee in this form: Julia Roberts, as Trustee of the Pretty Woman Realty Trust dated 3/23/1990. Since the trustee will have full power to control the trust property it is essential to choose a trustee whom you have deemed to be completely "trustworthy".
