Each type of estate-planning deed is named after the probate avoidance feature it provides. There are three types of estate-planning deeds used in Texas. Property owners can use estate-planning deeds to transfer ownership of real estate when the owner dies. What types of estate planning deeds are used in Texas? We’ll go over the options that are available in Texas and provide guidance on choosing the deed form that matches your goals. Questions about what Texas deed form is right for you?Ĭlick the link below to use our guided interview. Texas warranty deeds are sometimes called general warranty deeds because they provide a general warranty that is not limited to any specific time. 1 The current owner guarantees that there are no issues with the property’s title that the deed does not identify. Texas General Warranty Deed FormĪ Texas warranty deed form transfers real estate with a complete warranty that covers the property’s entire history. The new owner assumes the risk that the property’s title may have issues that arose before the current owner acquired the property. A limited warranty covers the time during which the person signing the special warranty deed owned the property. Texas Special Warranty Deed FormĪ Texas special warranty deed form transfers real estate with a limited warranty-sometimes called a special warranty. So, a deed without warranty is often the better option for an owner who wants a deed that provides no warranty. A deed without warranty works similarly to a quitclaim deed, but Texas title insurance companies prefer deeds without warranty. Texas Deed Without Warranty FormĪ Texas deed without warranty form transfers real estate with no warranty. The new owner bears the risk that there may be problems with the property’s title. The new owner receives whatever ownership interest (if any) the current owner can legally transfer. Texas Quitclaim Deed FormĪ Texas quitclaim deed form releases the current owner’s interest in property with no warranty. Each type of deed is defined by the warranty of title that it provides (or does not provide). Texas recognizes four types of deeds that an owner can use to transfer real estate during the owner’s lifetime. What types of deeds are used to transfer Texas real estate? The owner’s goals determine which type of deed is best for a specific transfer. A deed allows the current owner (the grantor) to transfer Texas real estate to a new owner (the grantee). Just complete a user-friendly interview and get a customized deed that is attorney-designed to meet Texas recording requirements.Ī deed is a written instrument used to transfer real estate. Our deed creation software makes it easy.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |