This form is a Warranty Deed where the grantors are seven individuals and the grantee is a trust. Grantors convey and warrants the described property to the trust. This deed complies with all state statutory laws.
A Cary, North Carolina Warranty Deed — Seven Individuals to a Trust is a legal document that transfers ownership of real property from seven individuals to a trust entity. This type of deed provides a guarantee that the property is free from any liens or encumbrances, and the seller (granter) has the legal right to transfer the property to the buyer (grantee). Keywords: Cary, North Carolina, Warranty Deed, individuals, trust, real property, ownership, legal document, liens, encumbrances, seller, granter, buyer, grantee. Types of Cary, North Carolina Warranty Deed — Seven Individuals to a Trust: 1. General Warranty Deed: A comprehensive deed that guarantees the title of the property against any and all claims, even if they arise from events that occurred before the granter owned the property. 2. Special Warranty Deed: A deed that offers a limited guarantee, protecting the grantee only against claims that arise during the granter's ownership period. It does not provide protection against claims originating before the granter's ownership. 3. Quitclaim Deed: A deed that conveys the granter's interest in the property without guaranteeing the title's validity. The granter makes no warranty as to their rightful ownership or any encumbrances on the property. 4. Bargain and Sale Deed: A deed where the granter transfers the property to the grantee, but without any guarantees or warranties. It implies that the granter holds an interest in the property, but there may be undisclosed encumbrances or defects. 5. Special Purpose Deed: A deed used for transferring property to a trust established for a specific purpose, such as estate planning, charitable donations, or asset protection. This type of deed will outline the specific terms and conditions applicable to the trust transfer. 6. Trustee's Deed: A deed executed by the trustee of a trust, transferring the property from the trust to a buyer. This type of deed requires the grantee to rely on the trustee's authority to sell the property rather than the granter's ownership. 7. Revocable Living Trust Deed: A type of trust deed used when individuals establish a revocable living trust to hold their assets during their lifetime. Upon their death, the trust provisions dictate the transfer of property to the beneficiaries without the need for probate. In summary, a Cary, North Carolina Warranty Deed — Seven Individuals to a Trust is a legally binding document that facilitates the transfer of property from seven individuals to a trust entity, ensuring the grantee receives clear and marketable title. There are various types of deeds with differing levels of protection offered to the grantee, including General Warranty Deed, Special Warranty Deed, Quitclaim Deed, Bargain and Sale Deed, Special Purpose Deed, Trustee's Deed, and Revocable Living Trust Deed.A Cary, North Carolina Warranty Deed — Seven Individuals to a Trust is a legal document that transfers ownership of real property from seven individuals to a trust entity. This type of deed provides a guarantee that the property is free from any liens or encumbrances, and the seller (granter) has the legal right to transfer the property to the buyer (grantee). Keywords: Cary, North Carolina, Warranty Deed, individuals, trust, real property, ownership, legal document, liens, encumbrances, seller, granter, buyer, grantee. Types of Cary, North Carolina Warranty Deed — Seven Individuals to a Trust: 1. General Warranty Deed: A comprehensive deed that guarantees the title of the property against any and all claims, even if they arise from events that occurred before the granter owned the property. 2. Special Warranty Deed: A deed that offers a limited guarantee, protecting the grantee only against claims that arise during the granter's ownership period. It does not provide protection against claims originating before the granter's ownership. 3. Quitclaim Deed: A deed that conveys the granter's interest in the property without guaranteeing the title's validity. The granter makes no warranty as to their rightful ownership or any encumbrances on the property. 4. Bargain and Sale Deed: A deed where the granter transfers the property to the grantee, but without any guarantees or warranties. It implies that the granter holds an interest in the property, but there may be undisclosed encumbrances or defects. 5. Special Purpose Deed: A deed used for transferring property to a trust established for a specific purpose, such as estate planning, charitable donations, or asset protection. This type of deed will outline the specific terms and conditions applicable to the trust transfer. 6. Trustee's Deed: A deed executed by the trustee of a trust, transferring the property from the trust to a buyer. This type of deed requires the grantee to rely on the trustee's authority to sell the property rather than the granter's ownership. 7. Revocable Living Trust Deed: A type of trust deed used when individuals establish a revocable living trust to hold their assets during their lifetime. Upon their death, the trust provisions dictate the transfer of property to the beneficiaries without the need for probate. In summary, a Cary, North Carolina Warranty Deed — Seven Individuals to a Trust is a legally binding document that facilitates the transfer of property from seven individuals to a trust entity, ensuring the grantee receives clear and marketable title. There are various types of deeds with differing levels of protection offered to the grantee, including General Warranty Deed, Special Warranty Deed, Quitclaim Deed, Bargain and Sale Deed, Special Purpose Deed, Trustee's Deed, and Revocable Living Trust Deed.
