This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is a trust. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Ggrantor, but not otherwise. This deed complies with all state statutory laws.
this A McKinney Texas Special Warranty Deed from an Individual to a Trust is a legal document used to transfer ownership of real estate property from an individual, also known as the granter or Granter(s), to a trust, known as the grantee. This type of deed provides the grantee, who is usually a trust entity, with certain assurances and protections regarding the property's title. The Special Warranty Deed guarantees that the granter will defend the title against any claims or demands arising from the time they owned the property, but it does not cover any defects or claims that might have existed before their ownership. In essence, the granter is warranting the title against any encumbrances, liens, or claims that may have occurred during their period of ownership. In McKinney, Texas, there are variations of the Special Warranty Deed from an Individual to a Trust, each serving different purposes or containing additional terms. Some common types include: 1. Joint Special Warranty Deed from Individuals to a Trust: In situations where multiple individuals jointly own the property and wish to transfer its ownership to a trust, this type of deed is utilized. All owners become granters, collectively transferring the property to the trust. 2. Special Warranty Deed of Trust: This type of deed is often used when the property is already under a mortgage or lien. It transfers the property's ownership to a trust, subject to any existing encumbrances, with the granter warranting against any claims arising during their ownership. 3. Special Warranty Deed from an Individual Property Owner to a Revocable Living Trust: A Revocable Living Trust is a common estate planning tool that allows individuals to transfer their assets to a trust while still maintaining control during their lifetime. This deed type facilitates such transfers, ensuring that the property's title is vested in the Revocable Living Trust. It is essential to consult a qualified lawyer or real estate professional when preparing a McKinney Texas Special Warranty Deed from an Individual to a Trust. They can ensure the document complies with all legal requirements, accurately reflects the parties' intentions, and effectively transfers the property title to the trust.A McKinney Texas Special Warranty Deed from an Individual to a Trust is a legal document used to transfer ownership of real estate property from an individual, also known as the granter or Granter(s), to a trust, known as the grantee. This type of deed provides the grantee, who is usually a trust entity, with certain assurances and protections regarding the property's title. The Special Warranty Deed guarantees that the granter will defend the title against any claims or demands arising from the time they owned the property, but it does not cover any defects or claims that might have existed before their ownership. In essence, the granter is warranting the title against any encumbrances, liens, or claims that may have occurred during their period of ownership. In McKinney, Texas, there are variations of the Special Warranty Deed from an Individual to a Trust, each serving different purposes or containing additional terms. Some common types include: 1. Joint Special Warranty Deed from Individuals to a Trust: In situations where multiple individuals jointly own the property and wish to transfer its ownership to a trust, this type of deed is utilized. All owners become granters, collectively transferring the property to the trust. 2. Special Warranty Deed of Trust: This type of deed is often used when the property is already under a mortgage or lien. It transfers the property's ownership to a trust, subject to any existing encumbrances, with the granter warranting against any claims arising during their ownership. 3. Special Warranty Deed from an Individual Property Owner to a Revocable Living Trust: A Revocable Living Trust is a common estate planning tool that allows individuals to transfer their assets to a trust while still maintaining control during their lifetime. This deed type facilitates such transfers, ensuring that the property's title is vested in the Revocable Living Trust. It is essential to consult a qualified lawyer or real estate professional when preparing a McKinney Texas Special Warranty Deed from an Individual to a Trust. They can ensure the document complies with all legal requirements, accurately reflects the parties' intentions, and effectively transfers the property title to the trust.
