This form is a Warranty Deed where the Grantor is a Trust and the Grantees are two Individuals. Grantor conveys and warrants the described property to the Grantees. This deed complies with all state statutory laws.
A Plano Texas General Warranty Deed from Trust to Two Individuals is a legal document used to transfer ownership of a property from a trust to two individuals in the city of Plano, Texas. This type of deed ensures that the property is free from any claims, debts, or encumbrances, and provides a warranty against any defects in the title. It offers the highest level of protection to the buyers. There are different types of Plano Texas General Warranty Deed from Trust to Two Individuals, which include: 1. Joint Tenancy with Rights of Survivorship: This type of deed allows the two individuals to own the property equally, without the need for a will or probate proceedings. In the event of one individual's death, the surviving individual automatically becomes the sole owner of the property. 2. Tenants in Common: With this type of deed, the two individuals have the option to own the property in unequal shares, and each tenant can sell or pass on their share to their heirs. In case of death, the deceased tenant's share does not automatically transfer to the surviving tenant. 3. Community Property with Right of Survivorship: This deed is only applicable to married couples. It allows the two individuals to own the property jointly, and upon the death of one spouse, the surviving spouse becomes the sole owner of the entire property. When filling out a Plano Texas General Warranty Deed from Trust to Two Individuals, it is important to include the legal description of the property, the names and addresses of the granter (trust) and the grantees (two individuals), the purchase price or consideration, and a statement indicating that the granter holds the property in trust. Using a Plano Texas General Warranty Deed from Trust to Two Individuals can provide peace of mind for the buyers, ensuring that they are receiving a property with a clean title and complete ownership rights. It is recommended to consult with a real estate attorney or a notary public to ensure the correct execution of this legal document.
