Real Estate Deeds Made Easy Since 1997 – Deeds.com
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A trust is a property interest wherein a settlor conveys assets to a trustee, who holds the title to those assets for the benefit of a third party (the beneficiary). Valid trust instruments also identify the relevant assets, state the…
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Conveying Real Property from a Living Trust in Nevada
For purposes of estate planning, a living trust allows the trust maker to make decisions about their assets in the event of death. The settlor establishes the terms and assets of the trust in a document called the trust instrument.…
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What is a Short Form Deed of Trust?
A deed of trust (DOT), also known as a trust deed, is a document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) repays the lender according to terms defined in…
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Understanding Personal Representative Deeds During Probate in Indiana
When we die, another person becomes responsible for managing the assets we leave behind. If we die testate (with a will), this person is called an executor. If we die intestate (without a will), or other specific situations occur, the…
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Guide to Affidavit of Trustee Documents in Minnesota
The affidavit of trustee for real property transactions is codified at Minn. Stat. § 501C.1014. It contains sworn statements made by a trustee regarding the trust which they are representing and their authority to enter into the transaction affecting the…
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Understanding Massachusetts Trusts, Trustee’s Deeds, and Trustee Certificates
A trust is a legally binding arrangement whereby a settlor transfers title to another person, the trustee, for the benefit of a third, the beneficiary. Trusts in Massachusetts are governed by the Massachusetts Uniform Trust Code, codified at G.L.c. 203E.…
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Conveying Real Property from a Living Trust in Louisiana
Under R.S. 9:1732, trusts under the Louisiana Trust Code are either testamentary (to take effect upon the settlor’s death) or inter vivos (to take effect upon the trust instrument’s execution). Find the laws governing trusts and trust administration codified as…
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Conveying Trust Real Estate in Kentucky
In the Commonwealth of Kentucky, trustees use the same deed forms applicable to regular transfers to convey real property out of a trust. The type of deed required depends on the type of warranty of title the trustee wishes to…
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Transferring Real Property from an Illinois Estate
Find the Illinois laws for dealing with a decedent’s real property at 755 ILCS 5/20. Probate is a court-supervised, lawful distribution of a deceased individual’s assets. The nature of the probate case depends on whether the decedent died testate (with…
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Iowa Trustee’s Affidavits – Who Needs ‘Em?
Turns out, everyone! Everyone who records a trustee’s deed, anyway. For any transfer of real property from a trust, Iowa requires a recorded trustee’s affidavit under Iowa Code § 614.14, to be recorded and delivered to the purchaser alongside the…
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Idaho Has Two Trustee’s Deeds – What’s the Difference?
When choosing a trustee’s deed in the State of Idaho, it is important to understand the difference between the two very different types of conveyances the term can refer to: the trustee’s deed as used in estate planning, and the…
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Arizona Beneficiary Deeds and the Right of Survivorship
Arizona’s beneficiary deeds are governed by A.R.S. § 33-405. Beneficiary deeds are estate planning instruments that allow owners of Arizona real estate to retain absolute control over their property, with the freedom to use, modify, or sell the land at…
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Recording Real Estate Document in Hawaii: What the FAQ?
Documents affecting real property in Hawaii can be recorded in either the Land Court, also referred to as the Torrens system, or in the Regular System (also referred to as the Abstract system). A document recorded in both is referred…
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What Is a “Due on Sale” Clause and What Does It Mean to Me?
Many people obtain loans to buy real estate. The term “security instruments” is a catch-all phrase used to describe these loans, whether they are mortgages or deeds of trust, and the associated promissory notes. These documents secure debt with a…
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About Oregon HB 2127 (2015)
Property taxes are a fact of life for most real estate owners. Publicly held property, however, including that owned by the federal government (ORS 307.040) and state and local government (ORS 307.090) is exempt from property taxes. What happens when…