This form is a Warranty Deed where the Grantor is a Trust and the Grantees are two individuals. Grantor conveys and warrants the described property to the Grantees. This deed complies with all state statutory laws.
Virginia Warranty Deed - Trust to Two Individuals
Category:
State:
Virginia
Control #:
VA-032-78
Format:
Word;
Rich Text
Instant download
Description
Free preview Warranty Deed Form Virginia
How to fill out Virginia Warranty Deed - Trust To Two Individuals?
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FAQ
Locate the deed that's in trust. Use the proper deed. Check with your title insurance company and lender. Prepare a new deed. Sign in the presence of a notary. Record the deed in the county clerk's office.
If you live in a common-law state, you can keep your spouse's name off the title the document that says who owns the property.You can put your spouse on the title without putting them on the mortgage; this would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.
A In order to make your partner a joint owner you will need to add his name at the Land Registry, for which there is a fee of £280 (assuming you transfer half the house to him). You won't, however, have to pay capital gains tax, as gifts between civil partners (and spouses) are tax free.
If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.
In California, all property bought during the marriage with income that was earned during the marriage is deemed "community property." The law implies that both spouses own this property equally, regardless of which name is on the title deed.
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
How do I add someone or remove someone from my deed? To make changes to ownership of property, a new deed will need to be prepared and recorded in the Clerk's Office where the property is located. The Commonwealth of Virginia does not provide any forms for deed transfers.
You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.