Missouri Fiduciary Deed for use by Executors, Trustees, Trustors, Administrators and other Fiduciaries
What is this form?
The Fiduciary Deed is a legal document used by executors, trustees, trustors, administrators, and other fiduciaries to convey property on behalf of another person. This deed is distinct because it enables a fiduciary to transfer real estate without being the primary owner, ensuring that the wishes of the deceased or incapacitated person are fulfilled. It is commonly used in estate planning and management situations where property needs to be legally transferred by someone holding a fiduciary role.
Key components of this form
- Identifying information of the fiduciary and the grantor.
- Description of the property being transferred.
- Clauses pertaining to the duties and powers of the fiduciary.
- Signature lines for the fiduciary and notary public.
- Legal references pertaining to the authority under which the transfer is made.
Jurisdiction-specific notes
This Fiduciary Deed is tailored for use in Missouri, adhering to local statutes regarding the conveyance of property. Specific filing and documentation procedures may apply, particularly in locations like St. Louis, where a Certificate of Value must accompany the deed for recordation.
Common use cases
This Fiduciary Deed should be used when an executor, trustee, or other fiduciary needs to transfer real property as part of fulfilling their legal responsibilities. Common situations include transferring property after someone's death following the terms of a will, managing assets within a trust, or acting under court appointing authority.
Who should use this form
- Executors of a will managing an estate.
- Trustees administering a trust.
- Trustors who wish to transfer property to a beneficiary.
- Administrators of an estate when no will is present.
- Guardians or conservators acting on behalf of another individual.
Steps to complete this form
- Provide the full names and addresses of the fiduciary and grantor.
- Describe the property being conveyed, including legal descriptions.
- Include any pertinent legal references or citations.
- Obtain the necessary signatures from the fiduciary and a notary public.
- File the completed deed with the appropriate local authority as required.
Notarization requirements for this form
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
Avoid these common issues
- Failing to include a complete legal description of the property.
- Not obtaining notarization before filing the deed.
- Leaving out required signatures or dates.
- Submitting the deed without the necessary Certificate of Value in some jurisdictions.
Benefits of completing this form online
- Convenient access to draft and fill out the document from home.
- Edit your details easily before finalizing the form.
- Reliable templates that comply with state laws.
- Time-saving, allowing for a swift transition of property to beneficiaries.
Form popularity
FAQ
Three basic types of deeds commonly used are the grant deed, the quitclaim deed, and the warranty deed. A sample grant deed. the property he or she is transferring is implied from such language.
The words with fiduciary covenants means the seller promises to the buyer that he or she is duly appointed, qualified and acting in his or her fiduciary capacity, is duly authorized to make the sale and convey the property to buyer.
A fiduciary deed is for use by a fiduciary such as an executor or administrator of an estate or a trustee of a trust. In this type of deed there is a warranty, but only as a fiduciary. A fiduciary does not own the property, rather they essentially manage it for another.
The General Warranty Deed. A general warranty deed provides the highest level of protection for the buyer because it includes significant covenants or warranties conveyed by the grantor to the grantee. The Special Warranty Deed. The Bargain and Sale Deed. The Quitclaim Deed.
