What is a trustees deed in Florida?

A trustee deed conveys ownership of real estate that is being held in trust. The trustee's deed refers to the person who is making the conveyance.

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Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees)

Miami-Dade Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees)

Name: Miami-Dade Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees)
Brand: US Legal Forms
Rating: 4.79 (447 reviews)

Category:

Florida Real Estate - Deeds - Warranty

State:

Florida

County:

Miami-Dade

Control #:

FL-SDEED-8-16

Format:

Instant download

Description

This form is a Warranty Deed where the grantors are two individuals and the grantee is a trust. A Miami-Dade Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees) is a legal document that transfers ownership of real property from two individuals to a trust, with two co-trustees appointed to manage the trust. This type of deed provides a guarantee to the new owners (the trust) that the property is free from any encumbrances or claims and that the granters have the legal authority to sell the property. Keywords: Miami-Dade Florida, warranty deed, individuals, trust, co-trustees, ownership, real property, transfer, guarantee, encumbrances, claims, legal authority. There are two main types of Miami-Dade Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees): 1. General Warranty Deed: A general warranty deed provides the highest level of protection to the new owners (the trust). It guarantees that the granters (the individuals) have good and marketable title to the property, free from any defects in title, liens, or other encumbrances. With this type of deed, the granters will defend the title against any claims that may arise, even if they occurred before the granters acquired the property. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, provides a more limited guarantee to the new owners. It assures that the granters have not created any encumbrances on the property during their ownership. In other words, the granters guarantee that they have not done anything to adversely affect the title, but they do not provide protection against any defects that may have existed prior to their ownership. It is important to seek the advice of a qualified real estate attorney or professional to ensure that the appropriate type of warranty deed is used for the specific transaction and that all legal requirements are met.

A Miami-Dade Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees) is a legal document that transfers ownership of real property from two individuals to a trust, with two co-trustees appointed to manage the trust. This type of deed provides a guarantee to the new owners (the trust) that the property is free from any encumbrances or claims and that the granters have the legal authority to sell the property. Keywords: Miami-Dade Florida, warranty deed, individuals, trust, co-trustees, ownership, real property, transfer, guarantee, encumbrances, claims, legal authority. There are two main types of Miami-Dade Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees): 1. General Warranty Deed: A general warranty deed provides the highest level of protection to the new owners (the trust). It guarantees that the granters (the individuals) have good and marketable title to the property, free from any defects in title, liens, or other encumbrances. With this type of deed, the granters will defend the title against any claims that may arise, even if they occurred before the granters acquired the property. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, provides a more limited guarantee to the new owners. It assures that the granters have not created any encumbrances on the property during their ownership. In other words, the granters guarantee that they have not done anything to adversely affect the title, but they do not provide protection against any defects that may have existed prior to their ownership. It is important to seek the advice of a qualified real estate attorney or professional to ensure that the appropriate type of warranty deed is used for the specific transaction and that all legal requirements are met.

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FAQ

You can do this through a transfer of equity. This is where a share of equity is transferred to one or multiple people, but the original owner stays on the title deeds. You'll need a Conveyancing Solicitor to complete the legal requirements for you in a transfer of equity.

A person filing a deed for transfer of Florida real estate ownership must do so through the county comptroller's office where the property is located. There is a small fee for filing and a document stamp tax, which is an excise tax on legal documents delivered, executed or recorded in the state.

Trustees use this form for a trustee to transfer real estate out of a Florida living trust or land trust, or in a foreclosure situation. It meets the same content requirements as a standard warranty or quitclaim deed, but also includes relevant details about the trust, and any other information needed for the transfer.

70 per $100 (or portion thereof) on documents that transfer interest in Florida real property, such as warranty deeds and quit claim deeds. This tax is based on the sale, consideration or transfer amount and is usually paid to the Clerk of Court when the document is recorded.

The deed must be in writing; The deed must be signed by the transferor (the current owner) of the property or his or her duly authorized agent or representative; The deed must be signed in the presence of two witnesses, each of whom must also sign the deed.

Cost of Warranty Deed in Florida The amount of the fee is based on the amount of the mortgage of the property or the sale price. The preparation cost is charged by the attorney preparing the deed. An experienced attorney will charge between $250 and $600 for the preparation of the warranty deed in most cases.

Like a mortgage, a deed of trust establishes real property as collateral for a loan. A trustee holds legal title to the real property under the trust deed until the borrower repays the lender.

A trustee deed conveys ownership of real estate that is being held in trust. The trustee's deed refers to the person who is making the conveyance.

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

Does Florida require witnesses for a warranty deed? Yes, Florida requires a warranty deed to be witnessed by two people pursuant to section 689.01 of the Florida statutes. Only the grantor (current owner) needs to sign the warranty deed. A notary seal is required to record the deed.

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Trustees use this form for a trustee to transfer real estate out of a Florida living trust or land trust, or in a foreclosure situation. What type of documents can be Recorded?8. What are the requirements for Recording a Deed? Should only be property located within Miami-Dade County. (e) "Trustee" means the person or entity designated in a trust instrument to hold legal and equitable title to property of a land trust. At your death, your successor trustee will be able to transfer it to the trust beneficiaries without probate court proceedings. The Office of the Property Appraiser reviews all ownership changes, properly recorded in the Clerk of Courts Recorder's Office. The Clerk cannot assist with completing forms. We suggest that you contact a professional who is experienced with preparing a deed to assist you. EXAMPLE: Amanda, who owns a house with her sister, wants to transfer her half of the property to her living trust.

(Please note: it does not matter whether the title is recorded in Miami or in the County of Miami×. Answering the questions will also help you evaluate the transfer, especially the value and location of the property. 1. Should only property located within Miami-Dade County? (F) The property may be owned by a Florida resident who is residing outside Miami Dated County, or by non‑Florida residents, or by individuals who acquired their Miami Dated County residence. Trustees BS must record the document for the property to be transferred. 2. Is there a specific time frame in which the document should be recorded? ’M) The property may not be transferred until a certificate of title (Form G-17‑2) is recorded in the County of Miami‑Made Register of Deeds. 9. Who can we address with Questions about real estate transfers?

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Miami-Dade Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees)

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FAQ

How do I transfer ownership of a house without selling?

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What is a trustee's deed in Florida?

How much does it cost to transfer a deed in Florida?

How do I transfer a warranty deed in Florida?

How much does it cost to file a warranty deed in Florida?

What is the difference between a trustee's deed and a deed in trust?

What is a trustees deed in Florida?

How do I transfer property to a trust in Florida?

Does Florida require witnesses for a warranty deed?

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What is a Miami-Dade Warranty Deed?

Who are the parties involved in a Miami-Dade Warranty Deed from two individuals to a trust?

What does it mean to transfer ownership through a Warranty Deed?

Why would someone transfer property ownership to a trust?

Are there any taxes or fees associated with a Miami-Dade Warranty Deed?

Do both individuals need to agree on transferring the property to a trust?

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