A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title.
What is a fiduciary in simple terms?
In general terms, a fiduciary is a person who owes a duty of care and trust to another and must act primarily for the benefit of the other in a particular activity.
What is a fiduciary deed used for?
A fiduciary deed is used to transfer property when the executor is acting in his official capacity. A fiduciary deed warrants that the fiduciary is acting in the scope of his appointed authority but it does not guarantee title of the property.
Is an executor of an estate considered a fiduciary?
A Montana deed of trust is a legal document used to secure a loan by transferring a property title to a third-party trustee as collateral. The trustee holds title until the loan is repaid.
Who should be my trustee or fiduciary on my death?
These are five basic options to consider when you name a successor trustee for you or you and your spouse: A single individual, such as a highly-responsible adult child. Two co-trustees or even multiple trustees who get along extremely well.
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A deed is a written document which is executed with the necessary formality (that is, more than a simple signature), and by which an interest, right or property passes or is confirmed, or an obligation binding on some person is created or confirmed. Deeds are generally enforceable despite any lack of consideration.
Related links
Managing Someone Elses Money: Help for Trustees under
This guide will help to understand what can and cannot be done in the role of a trustee. In that role, you are a fiduciary.
If the trust is the sole owner of a corporation or other form of enterprise, the trustee shall elect or appoint directors or other managers who will manage
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