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.
Keywords: Tallahassee Florida, Special Warranty Deed, Individual to Trust, types Description: A Tallahassee Florida Special Warranty Deed Individual to Trust is a legal document used in real estate transactions within the city of Tallahassee, Florida. This specific type of deed transfers property ownership from an individual to a trust, providing certain protections and guarantees for the buyer. A special warranty deed differs from a general warranty deed in that it only guarantees the title against any defects or claims that occurred during the time period the individual owned the property. This means that the individual making the transfer (granter) will defend the title against any claims or issues that may arise during their period of ownership, but not against any claims or issues that may have existed prior to their ownership. There are several types of Tallahassee Florida Special Warranty Deed Individual to Trust, each specifying the nature of the trust and the type of transfer being made. These may include: 1. Revocable Living Trust Special Warranty Deed: This type of deed is used when the trust is revocable, meaning it can be modified or revoked by the granter during their lifetime. The individual transfers ownership of the property to a trust they have created, usually for estate planning purposes. 2. Irrevocable Trust Special Warranty Deed: This type of deed is used when the trust is irrevocable, meaning the granter cannot modify or revoke it without the consent of the beneficiaries. The individual transfers ownership of the property to an irrevocable trust for various reasons, such as asset protection or tax planning. 3. Testamentary Trust Special Warranty Deed: This type of deed is used when the trust is created through a will and takes effect after the granter's death. The individual transfers ownership of the property to a trust that will be established upon their passing, enabling them to distribute their assets according to their wishes. It is important to note that a Tallahassee Florida Special Warranty Deed Individual to Trust should always be prepared and reviewed by a qualified attorney to ensure its compliance with state laws and to protect the interests of all parties involved.
