Salt Lake Utah Warranty Deed from Individual to a Trust

State:
Utah
County:
Salt Lake
Control #:
UT-015-77
Format:
Word; 
Rich Text
Instant download

Description

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 Salt Lake Utah Warranty Deed from Individual to a Trust is a legal document used in real estate transactions to transfer ownership of a property from an individual property owner to a trust. This type of transfer is commonly seen when individuals want to protect their assets or plan for future estate planning. The Salt Lake Utah Warranty Deed from Individual to a Trust provides a guarantee that the individual granting the deed (referred to as the granter) possesses the legal right and authority to transfer ownership of the property to the trust. By executing this deed, the granter assures the trust and its beneficiaries that there are no legal claims or encumbrances on the property title, except those specifically disclosed in the deed. Several types of Salt Lake Utah Warranty Deeds from Individual to a Trust exist to accommodate specific situations or legal requirements. Here are a few variations: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee, ensuring that the granter will defend the title against any claims arising from prior ownership issues. 2. Special Warranty Deed: While similar to a general warranty deed, a special warranty deed only guarantees against claims arising during the granter's ownership tenure. It excludes any claims stemming from previous owners. 3. Quitclaim Deed: This type of deed offers the least amount of protection to the grantee, as it simply transfers the granter's ownership rights, if any. It does not provide any guarantee or warranty regarding the title's validity. When completing a Salt Lake Utah Warranty Deed from Individual to a Trust, certain essential information must be included. This includes the legal description of the property, specifically identifying its boundaries and location. The deed should also clearly state the granter's intention to transfer ownership to the trust, along with the trust's full legal name. Additionally, the deed must be properly notarized and signed by both the granter and a witness. Once executed, the deed should be recorded with the appropriate county recorder's office to provide public notice of the transfer and ensure the trust's legal ownership is officially recognized. In conclusion, a Salt Lake Utah Warranty Deed from Individual to a Trust is a crucial legal instrument used to transfer ownership of a property from an individual to a trust. Properly executed and recorded, this document safeguards the grantee's rights and provides peace of mind regarding the property's title. Whether choosing a general warranty deed, special warranty deed, or quitclaim deed depends on the level of protection desired and individual circumstances of the transfer.

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FAQ

Utah Code § 57-1-12.5. Utah Quit Claim Deed Form ? Provides no warranty of title....Transferring Utah real estate involves four general steps: Locate the Prior Deed to the Property.Create the New Deed.Sign and Notarize the New Deed.File the Deed with the County.

The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.

General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.

The Utah warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.

Both a warranty deed and deed of trust are used to transfer the title of a property from one person to another. However, the difference between these two contracts is who is protected. As you now know, a deed of trust protects the beneficiary (lender). A warranty deed, on the other hand, protects the property owner.

In a Judicial/Mortgage foreclosure, the Title is held by the lender. Utah is known as a Trust Deed and Promissory Note state. There are references to a foreclosure being allowed under the law, typically in a Contract for Deed transaction but this is certainly not the standard.

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

Similar to a will, the validity of a trust may be contested. Trust litigation is commenced by a lawsuit filed by either a fiduciary, beneficiary, or other interested party concerning the administration of a revocable or irrevocable trust in the district court.

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According to Legal Zoom, a general warranty deed guarantees that: The grantor legally owns the property and has the legal right to transfer it. There are no outstanding mortgages, liens or other claims against the property by any creditor.

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More info

In Book 10701 at Page 57215748 in the records of the County Recorder of Salt Lake County,. 2100 South, Suite 200, Salt Lake City, Utah 84106, Attention: Jeffrey J. Jensen.The individual purchasing a property and a lender make this agreement, which states that the property buyer will repay a loan. Utah Real Estate Code 57-1-12. 5 Form Of Special Warranty Deed — Effect. The Lockhart deed of trust was recorded on September 7,. 1972, entry number 2482788, in the office of the County. The limited warranty is usually defined in the form. Utah Property Search. The forms on this webpage can printed, filled out and filed.

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Salt Lake Utah Warranty Deed from Individual to a Trust