This form is a Special Warranty Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and warrants the described property to trustee of trust. This deed complies with all state statutory laws.
A special warranty deed is a legal document used to transfer ownership of real property from an individual to a trust in Gainesville, Florida. This type of deed provides certain assurances and warranties to the grantee, typically a trust, regarding the title of the property. It guarantees that the granter, the individual transferring the property, holds good title and has not encumbered the property during their ownership, except for any specific exceptions mentioned in the deed. In Gainesville, Florida, there are multiple types of special warranty deeds used for transferring property from an individual to a trust. These include: 1. Special Warranty Deed Individual to Revocable Living Trust: This type of deed transfers ownership of real property from an individual to a revocable living trust. A revocable living trust is a common estate planning tool that allows the granter to maintain control over their assets during their lifetime and specifies how the assets should be distributed after their death. 2. Special Warranty Deed Individual to Irrevocable Trust: This deed transfers ownership of real property from an individual to an irrevocable trust. Unlike a revocable living trust, an irrevocable trust cannot be modified or revoked without the consent of all beneficiaries. This type of trust is often used for estate tax planning purposes or to protect assets from creditors. 3. Special Warranty Deed Individual to Testamentary Trust: This type of deed is used to transfer real property from an individual to a testamentary trust. A testamentary trust is created under a person's last will and testament and comes into effect upon their death. It allows the granter to control the distribution of assets to beneficiaries after their passing. Whether you are transferring property to a revocable living trust, irrevocable trust, or testamentary trust, it is essential to consult with an experienced real estate attorney in Gainesville, Florida. They can guide you through the process, draft the necessary legal documents, and ensure that the transfer of property is done correctly. By using a Gainesville Florida Special Warranty Deed Individual to Trust, you can ensure a smooth and legally compliant transfer of property ownership while providing certain warranties and assurances to the trust as the new owner. This type of deed provides added peace of mind and protection for both the granter and the grantee, allowing for a secure transfer of property assets.
