Does Pennsylvania use deed of trust?

A Deed to Trust form used to transfer the grantor's title and interest in real property in Pennsylvania to a trustee of a trust for the grantor's benefit. This standard document allows the drafter to choose between warranty and quitclaim deed language.

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Pennsylvania Quitclaim Deed - Individual to a Trust

Pittsburgh Pennsylvania Quitclaim Deed - Individual to a Trust

Name: Pittsburgh Pennsylvania Quitclaim Deed - Individual to a Trust
Brand: US Legal Forms
Rating: 4.63 (405 reviews)

Category:

Pennsylvania Real Estate - Deeds - Quitclaims

State:

Pennsylvania

City:

Pittsburgh

Control #:

PA-019-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and quitclaims the described property to grantee. This deed complies with all state statutory laws.

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FAQ

Checklist: Preparing and Recording Your Quitclaim Deed Fill in the deed form. Print it out. Have the grantor(s) and grantee(s) sign and get the signature(s) notarized. Fill out a Statement of Value form, if necessary. Get the Uniform Parcel Number (UPI) on the deed certified, if required by your county.

Focusing on this geographical region, the Deed of Trust is the preferred or required security instrument for real property in the following states: Maryland, North Carolina, Tennessee, Virginia and West Virginia. Mortgages are used in Kentucky, Ohio and Pennsylvania.

A trust is a separate taxpayer if, under the governing instrument and applicable State law, it is irrevocable. If a trust is revocable, the settlor is deemed the recipient of the income or gains of the trust, and must report such income on his or her individual tax return.

Realty Transfer Tax Statement (Form REV-183 EX) (§ 91.112) ? All quit claims must have this form and between a 1% to 2% transfer tax paid (based on the sales price). You may view your County's Transfer Tax to get an estimate of how much the buyer and seller will have to pay (usually split 50/50 among the parties).

How do I change, add or delete a name on a deed? This can only be done by recording a new deed showing the change. Many people think they can come to our office and change the present deed on record. However, once a document or deed is recorded, it cannot be altered or changed in any way.

The deed of trust is currently used in Alabama, Alaska, Arkansas, Arizona, California, Colorado, District of Columbia, Georgia, Hawaii, Idaho, Iowa, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, North Carolina, Oklahoma, Oregon, Rhode Island, South Dakota, Tennessee, Texas, Utah, Virginia,

In Pennsylvania, a living trust is a legal agreement in which the testator's assets, including bank accounts, home, securities, etc., can be transferred and handled by an individual, including the testator, or corporation, such as a trust or bank. The person or company managing the trust is called a trustee.

To transfer property in Pennsylvania, you'll need to prepare and execute a deed and record it in the county where the property is located. If the transfer was in exchange for money, you'll have to pay transfer tax.

The recording charge is set by the county and we charge a administative fee. For counties from Erie, Elk, Franklin and Centre to Bucks, Berks, and Butler, the charge for a deed transfer across Pennsylvania is $700, with the sole exception of Philadelphia, which is $800.

A Deed to Trust form used to transfer the grantor's title and interest in real property in Pennsylvania to a trustee of a trust for the grantor's benefit. This standard document allows the drafter to choose between warranty and quitclaim deed language.

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Call us today to talk about your options when it comes to establishing trusts and other estate planning documents. Need Help Starting a Trust?What is a quitclaim deed? How do you fill out a W9 for a stock account being put in a revocable living trust? I Solicitor's Opinions are printed as received from that office.

Pittsburgh Pennsylvania Quitclaim Deed - Individual to a Trust

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FAQ

How do I file a quitclaim deed in Pennsylvania?

Is PA a deed of trust state?

What is a trust in PA?

Do you have to pay a transfer tax with a quit claim deed in PA?

How do you change the name on a deed in PA?

What states are trustee States?

Is a trust a legal entity in Pennsylvania?

How do I transfer a deed to a family member in PA?

How much does it cost to transfer a deed in PA?

Does Pennsylvania use deed of trust?

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What is a Pittsburgh Quitclaim Deed - Individual to a Trust61284?

Why would someone use a Quitclaim Deed to transfer property to a trust?

Do I need an attorney to fill out a Pittsburgh Quitclaim Deed - Individual to a Trust61284?

Can I transfer any type of property with a Pittsburgh Quitclaim Deed - Individual to a Trust61284?

Is a Quitclaim Deed the same as a Warranty Deed?

What are the advantages of using a Quitclaim Deed to transfer property to a trust?

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