This form is a Warranty Deed where the grantor is a trust and the grantee is also a trust. Grantor conveys and warrants the described property to trustee of the grantee. This deed complies with all state statutory laws.
A High Point, North Carolina Warranty Deed — Trust to Trust is a legal document used to transfer ownership of real estate property from one trust to another trust while providing a guarantee (warranty) to the recipient trust that the property is free of any liens or encumbrances. In this type of transaction, a trust is an entity created to hold and manage assets for the benefit of designated beneficiaries. By utilizing a Warranty Deed, the granter trust ensures that the grantee trust receives clear and marketable title to the property, protecting the rights and interests of the new trust. The High Point, North Carolina Warranty Deed — Trust to Trust is governed by the relevant state laws and should include specific information such as: 1. Property Details: The legal description and physical address of the property being transferred should be clearly stated in the document. 2. Granter and Grantee Trust Information: The names and addresses of the granter (current trust transferring the property) and the grantee (new trust receiving the property) should be accurately provided. 3. Consideration: The amount of money or value exchanged for the property, if any, may be included as consideration. 4. Ownership Guarantee: The warranty section of the deed states that the granter trust guarantees the property's title is clear and free from any claims, liens, or encumbrances except those explicitly mentioned in the deed. 5. Execution and Notarization: The document must be signed by the granter and notarized to ensure its authenticity. Different types of High Point, North Carolina Warranty Deed — Trust to Trust may exist, including: 1. Revocable Living Trust to Revocable Living Trust: A transfer between two living trusts that allows the granter to change or revoke the trust during their lifetime. 2. Irrevocable Trust to Irrevocable Trust: A transfer between irrevocable trusts that provide no power to alter or revoke the trust's terms after its creation. 3. Testamentary Trust to Living Trust: A transfer of property from a trust established within a will (testamentary trust) to an already established living trust. 4. Special Needs Trust to Special Needs Trust: A transfer between trusts created to provide support and resources for individuals with disabilities without jeopardizing government assistance eligibility. It is essential to consult with an attorney or real estate professional to ensure compliance with applicable laws and to determine the most appropriate type of trust-to-trust warranty deed to suit your specific situation.
