A Raleigh North Carolina General Warranty Deed from Individual to a Trust is a legal document that transfers ownership of real property from an individual (referred to as the "granter") to a trust. This type of deed provides the trust (known as the "grantee") with a guarantee of clear and marketable title to the property, protecting it against any potential claims or encumbrances. The Raleigh North Carolina General Warranty Deed from Individual to a Trust is essential for estate planning purposes, as it ensures the seamless transfer of property ownership and helps in avoiding probate proceedings. It offers various benefits, including limited liability protection, privacy, and flexibility for the trust's beneficiaries. Different types of Raleigh North Carolina General Warranty Deed from Individual to a Trust may include: 1. Raleigh North Carolina General Warranty Deed from Individual to a Revocable Living Trust: This deed is used when an individual places property into a revocable living trust, allowing them to retain control and make changes to the trust during their lifetime. It provides the granter with flexibility and privacy while ensuring the property's smooth transfer outside the probate process. 2. Raleigh North Carolina General Warranty Deed from Individual to an Irrevocable Trust: This type of deed is employed when the granter intends to transfer property into an irrevocable trust, which cannot be altered or revoked without the consent of the trust beneficiaries. It helps in preserving assets, reducing estate taxes, and protecting against potential creditors or lawsuits. 3. Raleigh North Carolina General Warranty Deed from Individual to a Testamentary Trust: This deed is utilized when the granter wishes to transfer property to a trust that only takes effect upon their death. It is often included as part of a comprehensive estate plan, enabling the granter to dictate the distribution of assets and provide for specific beneficiaries in a controlled manner. 4. Raleigh North Carolina General Warranty Deed from Individual to a Special Needs Trust: This type of deed is employed when the granter wants to transfer property into a trust specifically designed to provide for the financial needs of a disabled or special needs individual. It helps in preserving eligibility for government benefits while ensuring the individual receives necessary care and support. In conclusion, a Raleigh North Carolina General Warranty Deed from Individual to a Trust is an essential legal document for individuals seeking to transfer property ownership to a trust. Whether it is a revocable living trust, an irrevocable trust, a testamentary trust, or a special needs trust, this deed ensures the integrity of title and protects the interests of both granter and beneficiaries.
Raleigh North Carolina General Warranty Deed from Individual to a Trust
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FAQ
Almost all instruments presented for recordation first must be acknowledged (notarized) before the Register of Deeds can record the instrument. Notary Publics are authorized by North Carolina law to perform this duty.
To be validly registered pursuant to G.S. 47-20, a deed of trust or mortgage of real property must be registered in the county where the land lies, or if the land is located in more than one county, then the deed of trust or mortgage must be registered in each county where any portion of the land lies in order to be
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.
Signing (N.C.G.S.A. § 47-38) ? All quit claim deeds are required to be signed with the Grantor(s) being witnessed by a Notary Public.
Recording and Document Fees Document TypeFee DetailsDeeds of Trust and Mortgages$64 first 35 pages $4 each additional pageAmendment to Deed of Trust$26 first 15 pages $4 each additional pageAll other Documents / Instruments / Assumed Name (DBA)$26 first 15 pages $4 each additional page3 more rows
A deed, of course, is a legal document representing property ownership. But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.