Kentucky Special Warranty Deed Form For Divorce

State:
Kentucky
Control #:
KY-011-78
Format:
Word; 
Rich Text
Instant download

Description

This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.

A Kentucky special warranty deed form for divorce is a legal document that serves as a means to transfer property ownership between divorced spouses in the state of Kentucky. This deed form is often utilized to ensure that the transferring spouse, who may not have complete knowledge of the property's history, is protected from any potential title defects or claims arising from the actions of the other spouse during the marriage. In Kentucky, there are different types of special warranty deed forms for divorce, each serving a specific purpose depending on the circumstances of the property transfer. Some common types include: 1. Kentucky Special Warranty Deed Form for Divorce with Financial Settlement: This form is typically used when divorcing spouses have reached a financial agreement regarding the property division. It outlines the terms of the settlement, including the transferring spouse's relinquishment of rights to the property, while providing limited warranty against any title defects arising solely due to the actions or claims of the transferring spouse. 2. Kentucky Special Warranty Deed Form for Divorce without Financial Settlement: In cases where divorcing spouses agree to transfer property ownership without any financial arrangements, this form is employed. It outlines the rights and responsibilities of each spouse, ensuring that the transferring spouse has a limited warranty against any title defects arising from their actions during the marriage. 3. Kentucky Special Warranty Deed Form for Divorce with Child Custody: If divorce involves child custody arrangements, this particular form is used. It incorporates the provisions related to property transfer alongside the custody agreement. It guarantees a limited warranty against title defects, protecting both spouses' rights and the best interests of the children involved. 4. Kentucky Special Warranty Deed Form for Divorce with Mortgage: When a divorcing couple jointly holds a mortgage on the property, this form is employed for the transfer of ownership. It includes provisions related to the mortgage assumptions, release of liability, and ensures a limited warranty against any title defects arising from the transferring spouse's actions during the marriage. In summary, a Kentucky special warranty deed form for divorce is a crucial legal document used to facilitate the transfer of property ownership between divorcing spouses in Kentucky. It ensures that the transferring spouse is protected from any potential title defects or claims that may arise due to the actions of the other spouse during the marriage. Several types of special warranty deed forms exist, each tailored to accommodate various circumstances, including financial settlements, child custody agreements, and mortgages.

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FAQ

The special warranty gives the recipient (the ?grantee?) a guarantee that there are no claims against the title from the period that the transferor (?grantor?) owned the property. However, this type of deed offers no security regarding the actions of previous title holders.

Law shall not prevent a person (not holding himself out as a practicing attorney) from writing a deed, mortgage, or will.

However, preparation of deeds and mortgages constitutes the practice of law and must be prepared by an attorney.

A Kentucky deed transferring real estate that a married person owns individually should be signed by the owner's spouse. The spouse's signature releases the spouse's dower and curtesy rights in the property. Failure to release the spouse's rights can result in future problems with the property's title.

Kentucky Homestead Rules Many states require a non-owner spouse to sign a deed that transfers a homestead solely owned by the other spouse. Kentucky does not specifically have that requirement, but Kentucky's dower law usually necessitates a non-owner spouse's signature on a homestead deed to release dower rights.

More info

Updated July 17, 2023. A Kentucky special warranty deed is a legal document utilized to convey property from a seller to a buyer in Kentucky.Kentucky Real Estate Deed Forms. Documents. Select Document Type. Use our Kentucky quitclaim deed to release ownership rights over any real property. Download your free template here. Certificate of Divorce or Annulment. Transfer ownership of property to a new owner. Certificate of Divorce or Annulment. With DocHub, making changes to your paperwork takes just a few simple clicks.

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Kentucky Warranty Deed Form