This form is a Grant Deed where the grantors are three individuals and the grantee is a trust. Grantors conveys and grant the described property to trustee of the grantee. This deed complies with all state statutory laws.
A grant deed is a legal document used in real estate transactions to transfer ownership of a property from one party to another. In Irvine, California, a specific type of grant deed known as "Irvine California Grant Deed — Three Individuals to Trust" is commonly used when three individuals, referred to as granters, transfer their property to a trust. This particular type of grant deed is widely used in Irvine, where individuals often choose to establish trusts for estate planning and asset protection purposes. By transferring their property to a trust, the granters ensure that their assets are handled and distributed according to their wishes, even after their passing. The trust, which is created in accordance with California state laws, becomes the legal owner of the property. Keywords: Irvine, California, grant deed, three individuals, trust, real estate transactions, ownership, property, granters, transfer, asset protection, estate planning, legal owner, California state laws. There are different variations of Irvine California Grant Deed — Three Individuals to Trust, including: 1. Joint Tenancy with Right of Survivorship: This type of grant deed allows three individuals to hold ownership of the property in equal shares while providing the right of survivorship. In the event of the death of one granter, their share automatically transfers to the remaining surviving granters without the need for probate. 2. Tenancy in Common: With this type of grant deed, the three individuals hold ownership of the property in separate and distinct percentages. Unlike joint tenancy, there is no right of survivorship. Each granter's share can be passed on to their heirs or beneficiaries through a will or trust. 3. Community Property with Right of Survivorship: This grant deed type is applicable to married couples who wish to transfer their property to a trust. In California, community property laws dictate that all property obtained during marriage is considered community property, and this grant deed ensures that ownership is transferred to the trust with the right of survivorship. In summary, Irvine California Grant Deed — Three Individuals to Trust is a specialized legal document used in real estate transactions in Irvine, California. It allows three individuals, known as granters, to transfer their property to a trust for various purposes such as estate planning and asset protection. The different variations of this grant deed include joint tenancy with right of survivorship, tenancy in common, and community property with right of survivorship.
