This form is a Grant Deed where the Grantor is a Trust, acting through two Trustees, and the Grantees are three individuals. Grantors convey and grant the described property to Grantees. Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
Long Beach California Grant Deed - Trust (Two Trustees) to Three Individuals
Category:
State:
California
City:
Long Beach
Control #:
CA-034-78
Format:
Word;
Rich Text
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Description
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How to fill out California Grant Deed - Trust (Two Trustees) To Three Individuals?
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FAQ
Step 1: Locate the Current Deed for the Property.Step 2: Determine What Type of Deed to Fill Out for Your Situation.Step 3: Determine How New Owners Will Take Title. Step 4: Fill Out the New Deed (Do Not Sign)Step 5: Grantor(s) Sign in Front of a Notary.Step 6: Fill Out the Preliminary Change of Ownership Report (PCOR)
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
In order to accomplish this, you can't just pen in the name on your deed. You'll need to transfer an interest by writing up another deed with the person's name on it. In California, you can use either a grant deed, a quitclaim deed or an interspousal deed, depending on your circumstances.
A trust transfer deed is the instrument that effectuates the transfer of ownership of your real-estate from you, as an individual, to your trust. The process of creating and then recording a trust transfer deed is how your property becomes a trust asset (thereby avoiding probate, among other benefits).
You can arrange to legally transfer the deed to your house to your children before you die. To do so, you sign a deed transfer and record it with the county recorder's office. There are a few types of deeds that accomplish this in California, including a quitclaim deed, grant deed and transfer on death deed.
California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.
Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.
The easiest way to grant your spouse title to your home is via a quitclaim deed (Californians generally use an interspousal grant deed). With a quitclaim deed, you can name your spouse as the property's joint owner. The quitclaim deed must include the property's description, including its boundary lines.
The deed must be signed by the party or parties making the conveyance or grant; and 7. It must be delivered and accepted. Contrary to the law and established custom in other states, the expression ?to have and to hold? (called the ?habendum clause? of a deed) is not necessary, nor are witnesses or seal required.
The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.
