This form is a Deed of Recission where a person or entity conveyed certain land to a family limited partnership and now wishes to rescind the conveyance. Upon the recission, the family limited partnership conveys the property to a husband and wife.
In Sunnyvale, California, a Deed of Rescission — Family Limited Partnership to Husband and Wife is a legal document that allows a married couple to rescind or revoke their participation in a family limited partnership (FLP). This document is typically used when a husband and wife initially formed a partnership but now wish to dissolve or nullify their involvement. Keywords: Sunnyvale California, Deed of Rescission, Family Limited Partnership, Husband and Wife, legal document, married couple, revoke, participation, FLP, dissolve, nullify. Different types of Sunnyvale California Deed of Rescission — Family Limited Partnership to Husband and Wife include: 1. Voluntary Rescission: This type of Deed of Rescission is mutually agreed upon by both the husband and wife. It indicates their willingness to terminate their participation in the family limited partnership voluntarily. 2. Involuntary Rescission: In certain cases, a Deed of Rescission may be filed against the will of one of the spouses. Circumstances that could lead to an involuntary rescission may include a breach of partnership agreement by one party or legal actions taken against a partner. 3. Amended Rescission: An amended Deed of Rescission can be used when the initial terms of participation need to be altered or amended. This allows the couple to modify the terms of their involvement in the family limited partnership while still revoking their previous agreement. 4. Partial Rescission: In some situations, a couple may wish to rescind only a portion of their participation in the family limited partnership. This type of Deed of Rescission allows them to specify which assets or liabilities they want to revoke, while maintaining their involvement in other aspects of the partnership. It is important to consult with a qualified attorney in Sunnyvale, California to ensure that the Deed of Rescission meets all legal requirements and accurately reflects the intentions of both parties involved.
