This form is a Warranty Deed where the grantor may be an executor of a will, trustee, guardian, or conservator.
Alaska Warranty Deed for Fiduciary
Category:
State:
Alaska
Control #:
AK-SDEED-6
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Word;
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FAQ
A trustee deed offers no such warranties about the title.
A warranty deed protects property owners from future claims that someone else actually owns a portion (or all) of their property, while trustee deeds protect lenders when borrowers default on their mortgage loans.
The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes significant covenants or warranties conveyed by the grantor to the grantee.
A fiduciary deed does not contain the same warranties as a warranty or grant deed. Often it only warranties that the fiduciary acts in an appointed capacity and that signing the deed falls within the authority given him.
Fiduciary deeds are just one of several types of deeds used in property transfers. This type is used to transfer property such as real estate when the owner can't sign a deed for legal or other reasons. Fiduciary deeds are commonly employed when settling estates and the original owner of the property is deceased.
When you're looking at purchasing a piece of land, there are 5 main types of deeds that you can use: Warranty Deed, Special Warranty Deed, Quitclaim Deed, Bargain and Sale Deed, and a Grant Deed. A Warranty Deed is the best of the best.
Key Takeaways. A property deed is a legal document that transfers the ownership of real estate from a seller to a buyer.General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.