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When land is transferred to a trust the grantee is the trustee of the trust. For example, suppose the Murphys decided to execute a trust naming their daughter Elizabeth as the trustee. If they wish to transfer their home to the trust they would need to convey it to Elizabeth Murphy as Trustee of the Murphy Family Trust.
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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.
What does it mean when it says after the owners name on a deed trustee?
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.
If the deed was transferred into your name does the title automatically transfer?
Yes. The deed is the instrument by which title to real property is transferred to a new owner. The deed and the title are not separate.
You were the grantee in a deed of trust. The original owner has died. Are you now the owner of property?
You need to review the terms of the trust. If your name is on a deed of trust then you must be the trustee. You need to review the terms of the trust to determine the status of the property now that the trustor has died. You should consult with an attorney who can review the land records to determine the status of the title. If the title is not clear you cannot sell or mortgage the property.
How do you determine the owner in a deed of trust?
United StatesTransactions affecting the title to land must be recorded in the land records. The status of a property can be determined by searching through those records by the owner's name or the address.In some jurisdictions a deed of trust is the term used for a mortgage. The grantor in a deed of trust mortgage would be the owner of the property as long as the provisions and obligations under the mortgage are fulfilled. The grantee in the deed of trust holds title on behalf of the lender until the note is paid. Once the note is paid they must transfer title back to the owner. In the case of a default, no court process is required to foreclose and take possession of the property.There is another category of trust deeds. Generally, a trust deed (sometimes referred to as a deed of trust) refers to a deed by which real property is conveyed to the trustee of a trust. A trustee holds legal title to trust property on behalf of a trust. You may need to do further research regarding the trust. However, trust documents are not always available for public review so it is not always possible to determine who benefits from the trust.In some jurisdictions the trust document is recorded in the land records. That document may reveal the beneficiaries of the trust. If state laws do not require that the trust document be recorded in the land records then the details of the trust will remain private.
Can the husband rent the house if he has the mortgage in just his name if they both share the deed of trust?
Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.
What is Another name for a property title?
Deed of ownership
Does a will over rule a deed or title?
No, a will not over rule a deed or title. For example, if a husband and wife are married and their car is in the wife's name alone, the dead husband's will not overrule the title.
Does it require an atty or can you change the name on your deed to a family trust?
You need to hire an attorney to change the name on your deed. The deed needs to be filed properly with a court of law and recorded.
What can you do if an irrevocable trust was left to 5 beneficiaries and one tries to sale the property without the knowledge of others?
The title to property in a trust is in the name of the trustee. Only the trustee has the authority to sell the trust property. A sale by one of the beneficiaries would be void since the beneficiaries do not have title to the property. If the property is real estate, a deed from one of the beneficiaries would not convey the property and would not be acceptable to the buyer. The deed must be executed by the trustee as set forth in the trust instrument.
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.
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.
