This form is a Special Warranty Deed where the Grantor is a Trust, with two Co-Trustees, and Husband and Wife, or Two Individuals, as Grantees. Grantor conveys and specially warrants the described property to the Grantees. This deed complies with all state statutory laws.
A Fairfax Virginia Special Warranty Deed from a Trust (Two Co-Trustees) to Husband and Wife / Two Individuals is a legal document that transfers ownership of real estate property from a trust that has two co-trustees to a married couple or two individuals. This type of deed provides a limited warranty of title, meaning that the granter (the trust) guarantees that it has not encumbered the property during the time of its ownership. In Fairfax, Virginia, there may be different variations of Special Warranty Deeds from a Trust (Two Co-Trustees) to Husband and Wife / Two Individuals, including: 1. Special Warranty Deed with Survivorship: This type of deed ensures that if one spouse or individual passes away, the surviving spouse or individual automatically becomes the sole owner of the property. It avoids the need for probate and ensures a seamless transfer of ownership. 2. Special Warranty Deed with Tenancy in Common: In this arrangement, each spouse or individual possesses an undivided interest in the property. If one person passes away, their share of the property will pass to their heirs or beneficiaries through probate, rather than automatically transferring to the surviving spouse or individual. 3. Special Warranty Deed with Joint Tenancy: This type of deed establishes a joint tenancy between the spouses or individuals, where both parties have an equal and undivided interest in the property. If one person passes away, their share automatically transfers to the surviving spouse or individual without going through probate. Regardless of the specific type of Special Warranty Deed used, the document should include the following key elements: a. Names and addresses: It should clearly identify the names and addresses of the granter(s) (the trust with two co-trustees) and the grantee(s) (the husband and wife or two individuals). b. Property description: A detailed description of the property being transferred, including the address, lot number, and any other relevant identifying information. c. Consideration: The amount or value exchanged for the property, which can be money, services, or other assets. d. Special warranty clause: A statement from the granter affirming that they will defend the title against any claims arising from their actions or omissions, but only during the time they owned the property. e. Notarization and witnesses: The deed must be signed and notarized by a notary public, and it is advisable to have witnesses present as well to ensure its legality and enforceability. It is important to consult with a qualified real estate attorney or professional in Fairfax, Virginia, for guidance on the specific requirements and considerations associated with executing a Special Warranty Deed from a Trust (Two Co-Trustees) to Husband and Wife / Two Individuals.A Fairfax Virginia Special Warranty Deed from a Trust (Two Co-Trustees) to Husband and Wife / Two Individuals is a legal document that transfers ownership of real estate property from a trust that has two co-trustees to a married couple or two individuals. This type of deed provides a limited warranty of title, meaning that the granter (the trust) guarantees that it has not encumbered the property during the time of its ownership. In Fairfax, Virginia, there may be different variations of Special Warranty Deeds from a Trust (Two Co-Trustees) to Husband and Wife / Two Individuals, including: 1. Special Warranty Deed with Survivorship: This type of deed ensures that if one spouse or individual passes away, the surviving spouse or individual automatically becomes the sole owner of the property. It avoids the need for probate and ensures a seamless transfer of ownership. 2. Special Warranty Deed with Tenancy in Common: In this arrangement, each spouse or individual possesses an undivided interest in the property. If one person passes away, their share of the property will pass to their heirs or beneficiaries through probate, rather than automatically transferring to the surviving spouse or individual. 3. Special Warranty Deed with Joint Tenancy: This type of deed establishes a joint tenancy between the spouses or individuals, where both parties have an equal and undivided interest in the property. If one person passes away, their share automatically transfers to the surviving spouse or individual without going through probate. Regardless of the specific type of Special Warranty Deed used, the document should include the following key elements: a. Names and addresses: It should clearly identify the names and addresses of the granter(s) (the trust with two co-trustees) and the grantee(s) (the husband and wife or two individuals). b. Property description: A detailed description of the property being transferred, including the address, lot number, and any other relevant identifying information. c. Consideration: The amount or value exchanged for the property, which can be money, services, or other assets. d. Special warranty clause: A statement from the granter affirming that they will defend the title against any claims arising from their actions or omissions, but only during the time they owned the property. e. Notarization and witnesses: The deed must be signed and notarized by a notary public, and it is advisable to have witnesses present as well to ensure its legality and enforceability. It is important to consult with a qualified real estate attorney or professional in Fairfax, Virginia, for guidance on the specific requirements and considerations associated with executing a Special Warranty Deed from a Trust (Two Co-Trustees) to Husband and Wife / Two Individuals.
