This form is a Special Warranty Deed where the Grantors are husband and wife, or two individuals, and the Grantee is a trust. Grantors convey and specially warrant the described property to the Grantee. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.
Chandler Arizona Special Warranty Deed from Two Individuals, or Husband and Wife, to a Trust is a legally binding document that transfers ownership of real estate property from two individuals (who can be either a married couple or unrelated individuals) to a trust. This type of deed provides certain assurances and protections to the grantee (the trust). In Chandler, Arizona, there are two primary types of Special Warranty Deeds that can be used to transfer property from two individuals, or a husband and wife, to a trust: 1. Joint Tenancy Special Warranty Deed to a Trust: This type of deed allows two individuals, typically related or married, to transfer their joint ownership interests in a property to a trust. It operates like a joint tenancy, where both parties have an equal and undivided interest in the property. Upon the transfer of the property to the trust, the trust becomes the owner of the property. 2. Community Property Special Warranty Deed to a Trust: This type of deed is specific to Arizona and is applicable when a married couple wishes to transfer their community property to a trust. Under community property laws, all property acquired during the marriage is presumed to be owned equally by both spouses. By using this deed, both individuals transfer their ownership interests to the trust, resulting in the trust becoming the sole owner of the property. The Special Warranty Deed provides certain guarantees to the grantee. Firstly, the granter (individuals transferring the property) warrants that they have the legal right to convey the property. They also promise to defend against any claims or encumbrances that may arise during their ownership, but not against claims arising before their ownership. This means that the granter guarantees against any defects in the property's title that may have occurred during their ownership, but does not provide any assurances against issues that may have existed prior to their ownership. By using a Special Warranty Deed, the individuals or husband and wife safeguard the trust against any potential claims or title defects that may arise in the future. This type of deed is commonly utilized in various estate planning strategies, asset protection, or for avoiding probate processes. To summarize, a Chandler Arizona Special Warranty Deed from Two Individuals, or Husband and Wife, to a Trust is a legal instrument used to transfer property ownership to a trust. It offers certain protections and assurances to the trust, and the specific type of deed used depends on the relationship between the individuals and the nature of their ownership interests.Chandler Arizona Special Warranty Deed from Two Individuals, or Husband and Wife, to a Trust is a legally binding document that transfers ownership of real estate property from two individuals (who can be either a married couple or unrelated individuals) to a trust. This type of deed provides certain assurances and protections to the grantee (the trust). In Chandler, Arizona, there are two primary types of Special Warranty Deeds that can be used to transfer property from two individuals, or a husband and wife, to a trust: 1. Joint Tenancy Special Warranty Deed to a Trust: This type of deed allows two individuals, typically related or married, to transfer their joint ownership interests in a property to a trust. It operates like a joint tenancy, where both parties have an equal and undivided interest in the property. Upon the transfer of the property to the trust, the trust becomes the owner of the property. 2. Community Property Special Warranty Deed to a Trust: This type of deed is specific to Arizona and is applicable when a married couple wishes to transfer their community property to a trust. Under community property laws, all property acquired during the marriage is presumed to be owned equally by both spouses. By using this deed, both individuals transfer their ownership interests to the trust, resulting in the trust becoming the sole owner of the property. The Special Warranty Deed provides certain guarantees to the grantee. Firstly, the granter (individuals transferring the property) warrants that they have the legal right to convey the property. They also promise to defend against any claims or encumbrances that may arise during their ownership, but not against claims arising before their ownership. This means that the granter guarantees against any defects in the property's title that may have occurred during their ownership, but does not provide any assurances against issues that may have existed prior to their ownership. By using a Special Warranty Deed, the individuals or husband and wife safeguard the trust against any potential claims or title defects that may arise in the future. This type of deed is commonly utilized in various estate planning strategies, asset protection, or for avoiding probate processes. To summarize, a Chandler Arizona Special Warranty Deed from Two Individuals, or Husband and Wife, to a Trust is a legal instrument used to transfer property ownership to a trust. It offers certain protections and assurances to the trust, and the specific type of deed used depends on the relationship between the individuals and the nature of their ownership interests.
