This form is a Warranty Deed where the grantors are husband and wife and the grantee is a trust. Grantors convey and warrant the described property to trustee of trust less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A warranty deed is a legal document that transfers property ownership from one party to another. In the case of Abilene, Texas, a warranty deed from a husband and wife to a trust involves the transfer of property ownership from a married couple to a trust. This type of warranty deed provides a guarantee that the property being transferred is free from any defects or claims by other parties. It ensures that the property is being transferred with a clear title and that the granters (husband and wife) have the legal authority to do so. There can be variations of a warranty deed from a husband and wife to a trust in Abilene, Texas, depending on specific circumstances or requirements. Some types of warranty deed commonly seen in this context include: 1. General Warranty Deed: This type of warranty deed guarantees the property against any defects in title not only during the granters' ownership but also prior to their ownership. It provides the broadest level of protection to the grantee (trust). 2. Special Warranty Deed: This warranty deed guarantees the property against defects in title but only during the time the granters owned the property. It protects the grantee from any claims or issues that may have arisen during the granters' ownership. 3. Quitclaim Deed: Although not a warranty deed, a quitclaim deed is sometimes used in transferring property to a trust. It transfers any interest the granters have in the property to the trust but provides no guarantee or warranty on the title. It simply transfers whatever ownership interest the granters may have without confirming its validity. When preparing a warranty deed from a husband and wife to a trust in Abilene, Texas, it is vital to seek legal assistance to ensure that it complies with state laws and includes all necessary information, such as the property description, identification of the granters, the trust's name, and the signatures of all parties involved. By using a warranty deed for this property transfer, the trust receives clear ownership of the property without any potential claims or defects in the title. It provides both the granters and the grantee with security and peace of mind in this transaction.
