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Warranty Deed from Two Co-Trustees to an Individual - North Dakota

Warranty Deed from Two Co-Trustees to an Individual - North Dakota 2025

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The document is a North Dakota Warranty Deed form intended for use by two co-trustees to convey property to an individual. It includes instructions on completing the form, details about exemptions from filing a statement of full consideration, and legal disclaimers regarding the use of the forms. The deed outlines the responsibilities of grantors and grantees, including the requirement for notarization and certification of consideration paid for the property.

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What is a joint warranty deed?

Typically associated with real estate, joint tenancy warranty deeds are used when two or more parties come together simultaneously to take ownership of a property. The most common example of this type of deed is for unmarried couples buying a property together.

What is a trustees warranty deed?

A warranty deed provides a guarantee that the title is clear. A trustee deed offers no such warranties about the title. A special warranty deed guarantees against title problems that occurred during a sellers ownership period, but not before.

Who can issue a warranty deed?

You can obtain a warranty deed through your real estate agents office or download an online template. All warranty deeds must include the date of the transaction, the name of the parties involved, a legal description of the property being transferred, a list of title defects and the signatures of the buyers.

What is the usual reason for using a quitclaim deed?

Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.

Does a warranty deed override a will?

0:09 1:46 A deed is a legal document that transfers ownership of real property. A will on the other hand is aMoreA deed is a legal document that transfers ownership of real property. A will on the other hand is a legal declaration of a persons wishes regarding their assets.

Can a trustee give a warranty deed?

Trustees deeds convey real estate out of a trust. Depending on the circumstances, they may or may not include warranty to the title. They are also used in some foreclosure situations (generally without warranty).

Which is better, a quitclaim deed or a trust?

Irrevocable Trusts: Best suited for long-term asset protection, estate tax benefits, and tailored distribution of assets. Quit Claim Deeds: Generally used in specific circumstances like family transfers or divorce settlements and come without any title warranties.

Warranty Deed from Two Co-Trustees to an Individual - North Dakota 2025

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