This form is a Warranty Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and warrant the described property to trustee of trust less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A warranty deed is a legal document commonly used in Dallas, Texas, to transfer ownership of real estate from an individual to a trust. This type of deed provides certain guarantees and protections to the grantee (the trust) in terms of the title's validity and the granter's (the individual) ownership rights. Here are the different types of warranty deeds commonly used for transferring ownership from an individual to a trust in Dallas, Texas: 1. General Warranty Deed: A general warranty deed is the most comprehensive type of warranty deed. It provides the broadest protection to the grantee, guaranteeing that the granter owns the property, has the legal right to transfer it, and that the title is free from any defects or encumbrances, whether they occurred before or during the granter's ownership. 2. Special Warranty Deed: A special warranty deed offers a more limited warranty compared to a general warranty deed. It guarantees that the granter has not created any defects or encumbrances during their ownership but does not provide protection against any defects or encumbrances that existed before the granter acquired the property. 3. Statutory Warranty Deed: This type of warranty deed is specifically authorized and regulated by statutory law in Texas. It contains warranties similar to those found in a general warranty deed, providing broad protection to the grantee against any defects or encumbrances that existed before or during the granter's ownership. 4. Trustee's Warranty Deed: A trustee's warranty deed is used when a trustee is transferring property from an individual to a trust. In this deed, the trustee guarantees that they have the authority to act on behalf of the trust and that the property is being transferred to the trust in accordance with the trust's provisions. When an individual transfers property to a trust using a warranty deed, the deed should clearly outline the property's legal description, the names of the granter and the grantee, any consideration involved, and the specific warranties being provided. It is highly recommended consulting with an experienced real estate attorney or a title company to ensure the proper execution of the deed and to address any specific requirements or provisions based on the individual circumstances.
