General Warranty Deed from Husband and Wife to a Trust - North Carolina: Fill out & sign online

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the names of the Grantors (Husband and Wife) at the top of the form. Ensure that both names are clearly printed.
Next, enter the name of the Grantee, which is typically the Trustee of the trust, along with the trust's name and date.
In the legal description section, attach Exhibit A that details the property being conveyed. This is crucial for clarity on what is included in the deed.
Complete any prior instrument references by filling in Book, Page, and Document Number as applicable.
Both Grantors must sign and print their names at the designated signature lines. Ensure that you include a date for when this deed is executed.
Lastly, have a Notary Public witness your signatures and complete their section to finalize the document.

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Are warranty deed and deed of trust the same?

A warranty deed ensures a buyer that the property is owned by the seller and can be sold without any encumbrances. A deed of trust is used in certain states and represents a buyers guarantee with their lender to repay the property loan as scheduled.

What is the purpose of a deed of trust?

A Deed of Trust is an agreement between a borrower, a lender and a third-party person whos appointed as a Trustee. Its used to secure real estate transactions where money needs to be borrowed in order for property to be purchased.

What is a deed of trust for husband and wife?

In California, many married couples create revocable living trusts to hold title to their homes and avoid probate. Its common for both spouses to be named co-trustees of the trust. Under California Probate Code 16013, unless the trust specifically states otherwise, co-trustees must act unanimously.

What is a deed of trust between husband and wife?

If a cohabiting couple with a Declaration of Trust gets married, the deed will be superseded by the Matrimonial Causes Act 1973. Among other things, this act dictates how a court can act in settling a divorce, including what powers the court has to determine how property owned by the married couple is managed.

What are the disadvantages of a deed of trust?

A declaration of trust is a simple form of trust deed, which records the actual beneficial ownership of a property, even if the legal title is held by one or both partners. A declaration of trust must be in writing, signed by all owners, and must reflect the actual intention of the parties.