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 San Angelo Texas Special Warranty Deed from an Individual to a Trust is a legal document that facilitates the transfer of property ownership from an individual (granter) to a trust (grantee) in the city of San Angelo, Texas. This type of deed provides specific warranties or guarantees related to the title of the property being transferred, differentiating it from a general warranty deed. The purpose of a special warranty deed is to safeguard the grantee's interests by assuring that the granter will defend the title against any claims arising during their ownership tenure. However, unlike a general warranty deed, which provides broad protections covering the entire property's history, a special warranty deed typically limits these protections to the period during which the granter held ownership. In San Angelo, Texas, there are several variations of special warranty deeds that may be used to transfer property from an individual to a trust, depending on specific circumstances or preferences: 1. Trust with Life Estate Special Warranty Deed: This type of special warranty deed is commonly used when the granter wishes to transfer their property to a trust while retaining a life estate, which allows them to reside on the property until their death. Once the granter passes away, the trust assumes full ownership. 2. Trust with Remainder Interest Special Warranty Deed: This variation of the special warranty deed is utilized when the granter intends to transfer their property to a trust while retaining a remainder interest. The remainder interest entitles the granter to use and enjoy the property during their lifetime, after which the trust gains complete ownership. 3. Revocable Living Trust Special Warranty Deed: Often employed for estate planning purposes, this specialized special warranty deed is used when an individual desires to transfer property to a revocable living trust. By transferring the property to the trust, the granter retains full control during their lifetime, while simplifying the transfer of ownership upon their death, bypassing the probate process. 4. Irrevocable Trust Special Warranty Deed: This type of special warranty deed is employed when an individual wishes to transfer property to an irrevocable trust. Once the transfer is complete, the granter loses control over the property, and the trust becomes the owner, commonly for the benefit of beneficiaries named in the trust agreement. In all instances, it is advisable to consult with a qualified attorney familiar with San Angelo, Texas real estate laws when drafting and executing a special warranty deed to a trust. This will ensure that the deed complies with all legal requirements and provides the necessary protections to both the granter and the trust. Keywords: San Angelo Texas, special warranty deed, individual, trust, types, life estate, remainder interest, revocable living trust, irrevocable trust, estate planning, legal document.A San Angelo Texas Special Warranty Deed from an Individual to a Trust is a legal document that facilitates the transfer of property ownership from an individual (granter) to a trust (grantee) in the city of San Angelo, Texas. This type of deed provides specific warranties or guarantees related to the title of the property being transferred, differentiating it from a general warranty deed. The purpose of a special warranty deed is to safeguard the grantee's interests by assuring that the granter will defend the title against any claims arising during their ownership tenure. However, unlike a general warranty deed, which provides broad protections covering the entire property's history, a special warranty deed typically limits these protections to the period during which the granter held ownership. In San Angelo, Texas, there are several variations of special warranty deeds that may be used to transfer property from an individual to a trust, depending on specific circumstances or preferences: 1. Trust with Life Estate Special Warranty Deed: This type of special warranty deed is commonly used when the granter wishes to transfer their property to a trust while retaining a life estate, which allows them to reside on the property until their death. Once the granter passes away, the trust assumes full ownership. 2. Trust with Remainder Interest Special Warranty Deed: This variation of the special warranty deed is utilized when the granter intends to transfer their property to a trust while retaining a remainder interest. The remainder interest entitles the granter to use and enjoy the property during their lifetime, after which the trust gains complete ownership. 3. Revocable Living Trust Special Warranty Deed: Often employed for estate planning purposes, this specialized special warranty deed is used when an individual desires to transfer property to a revocable living trust. By transferring the property to the trust, the granter retains full control during their lifetime, while simplifying the transfer of ownership upon their death, bypassing the probate process. 4. Irrevocable Trust Special Warranty Deed: This type of special warranty deed is employed when an individual wishes to transfer property to an irrevocable trust. Once the transfer is complete, the granter loses control over the property, and the trust becomes the owner, commonly for the benefit of beneficiaries named in the trust agreement. In all instances, it is advisable to consult with a qualified attorney familiar with San Angelo, Texas real estate laws when drafting and executing a special warranty deed to a trust. This will ensure that the deed complies with all legal requirements and provides the necessary protections to both the granter and the trust. Keywords: San Angelo Texas, special warranty deed, individual, trust, types, life estate, remainder interest, revocable living trust, irrevocable trust, estate planning, legal document.
