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Living trusts In Wyoming, you can make a living trust to avoid probate for virtually any asset you own -- real estate, bank accounts, vehicles, and so on. You need to create a trust document (its similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
A deed may be divided into three component parts: the premises; the habendum; and, the testimonium. The premises include the date, parties, consideration, granting clause, description, recital, and appurtenances.
In addition, California allows married couples to hold property as community property with right of survivorship. Each method has its own advantages. You may want to hold title differently for different parcels of real estate, depending on who the other owners are.
by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.
It is community property with an added feature: when one spouse dies, it passes automatically to the surviving spouse. Survivorship community property is a way of holding title to specific assets that is available only to married couples (or registered domestic partners).
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A general warranty deed transfers real property from the buyer to the seller with the guarantee that the seller holds clear, unencumbered legal title to the property.
A deed is the actual legal document that would transfer the ownership (title) of a property from one person to another. A deed is signed by the person selling or transferring the property rights, called the grantor.
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.
According to the Legal Dictionary, the right of survivorship is the power that a successor(s) of a deceased person has to acquire the property of that person upon his or her death. The right of survivorship decides what happens to a piece of property after one of its owners passes away.
Changing the Deed on Your House. Record a new deed. You need to record a community property with right of survivorship deed with the county assessor. This is a deed in which you and your spouse transfer the property to yourselves as community property with right of survivorship.

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