Louisiana Authority to Release of Deed of Trust

State:
Multi-State
Control #:
US-00186
Format:
Word; 
Rich Text
Instant download

Description

This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.

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FAQ

For irrevocable trusts, you can't edit or modify once it's established unless you have the beneficiary's permission. In other words, once you transfer your assets into an irrevocable trust, you lose all ownership of those assets.

Any creditor, heir, legatee, succession representative, or other person whatsoever shall have no right or cause of action against the person paying the money, or delivering the property, or transferring the stock or bonds, under the provisions of this Article, on account of such payment, delivery, or transfer.

General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.

Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.

What Is the Strongest Type of Deed? For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.

Louisiana does not provide a statutory form of deed. There are customary general warranty deeds, special or limited warranty deeds, and quit claim deeds. Forms for a deed, referred to as "an act of sale" in Louisiana, must contain the true sales price.

Louisiana does not recognize joint tenancy with rights of survivorship (JTWROS).

The Key Differences Between Deed and Title A title establishes who has the legal right to own and use the property. In contrast, a deed is a legal document that transfers property ownership from one person to another.

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Louisiana Authority to Release of Deed of Trust