Yonkers New York Warranty Deed from Husband and Wife to a Trust

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• Control #: NY-015-78
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantors are husband and wife and the grantee is a trust. Grantors convey and warrant the described property to trustee of trust less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantor. This deed complies with all state statutory laws. A Yonkers New York Warranty Deed from Husband and Wife to a Trust refers to a legal document that transfers ownership of real property from a couple (husband and wife) to a trust. This type of deed provides certain guarantees to the trust regarding the property's title. In this transaction, the husband and wife act as granters, transferring the property rights to the trust, which acts as the grantee. The trust becomes the new legal owner of the property and assumes all rights, responsibilities, and ownership of the real estate. The Yonkers New York Warranty Deed offers extensive legal protection and assurances to the trust. It guarantees that the granters (husband and wife) have full legal authority to transfer the property and that there are no undisclosed liens, claims, or encumbrances on the property title. The deed also ensures that the granters will defend the title against any future claims or disputes that may arise. It implies that the property is free from any defects in the title that could affect its marketability. Different types of Yonkers New York Warranty Deed from Husband and Wife to a Trust might include: 1. General Warranty Deed: This deed guarantees the title and protects against all claims on the property, even those arising before the granters acquired it. 2. Special Warranty Deed: This deed guarantees the title but only protects against claims that arose during the granters' ownership. 3. Quitclaim Deed: Although not a warranty deed, it is worth mentioning. A quitclaim deed transfers the granters' interests in the property to the trust but does not provide any guarantees or warranties regarding the title. It simply transfers whatever interests the granters may have without any assurances. In conclusion, a Yonkers New York Warranty Deed from Husband and Wife to a Trust is a legally binding document that ensures a secure transfer of property ownership. It provides extensive protection against potential title defects, guaranteeing the trust's ownership rights.

A Yonkers New York Warranty Deed from Husband and Wife to a Trust refers to a legal document that transfers ownership of real property from a couple (husband and wife) to a trust. This type of deed provides certain guarantees to the trust regarding the property's title. In this transaction, the husband and wife act as granters, transferring the property rights to the trust, which acts as the grantee. The trust becomes the new legal owner of the property and assumes all rights, responsibilities, and ownership of the real estate. The Yonkers New York Warranty Deed offers extensive legal protection and assurances to the trust. It guarantees that the granters (husband and wife) have full legal authority to transfer the property and that there are no undisclosed liens, claims, or encumbrances on the property title. The deed also ensures that the granters will defend the title against any future claims or disputes that may arise. It implies that the property is free from any defects in the title that could affect its marketability. Different types of Yonkers New York Warranty Deed from Husband and Wife to a Trust might include: 1. General Warranty Deed: This deed guarantees the title and protects against all claims on the property, even those arising before the granters acquired it. 2. Special Warranty Deed: This deed guarantees the title but only protects against claims that arose during the granters' ownership. 3. Quitclaim Deed: Although not a warranty deed, it is worth mentioning. A quitclaim deed transfers the granters' interests in the property to the trust but does not provide any guarantees or warranties regarding the title. It simply transfers whatever interests the granters may have without any assurances. In conclusion, a Yonkers New York Warranty Deed from Husband and Wife to a Trust is a legally binding document that ensures a secure transfer of property ownership. It provides extensive protection against potential title defects, guaranteeing the trust's ownership rights.