I can’t get this to print correctly. I’ve tried Letter print and Legal print. It seems to be letter print… but the last few lines at the bottom of the “The Interest” paragraph disappear at bottom of page. The last page looks good. It starts with “And the grantor…”
I still see the same problem with the document as noted above by Mr Rivernbark and Mr Buie. I thought this might be fixed soon after Mr. Kouvatsos’ comment on 8/10/12…Please advise asap what language should be inserted.
Thanks!
In my estimation each state has its own requirements, that is why blank follows Section. I imagine you must check with your state rules of civil procedure to fill in the blank.
Thanks for making this document available but it appears that the first paragraph is still left open ended. Is there information that needs to be added by us or our attorney or by Ron’s team. I’m thinking maybe an underline and a period.
@ Bac and Sue:
I always list the legal description of the subject property first. Secondly, “commonly known as” (here add the address) and lastly, I provide the Parcel Number.
“The Section provision is to refer to any state statues you might have to include. However, most states do not require using something here. If you do not need to include something for your state, just remove ‘under provisions of Section’ and your document will be fixed.”
I Wish to download “Land Trust” and “Warranty Deed To Trustee” documents to record my rental property. Where and how can i find them? I am getting frustrated!!!
Does the Warranty Deed transfer the property, even if there is $0 consideration? Why the question is because in the Agreement and Declaration of Trust item no. 2 under Consideration, it states ‘No consideration was paid by Trustee for such conveyance.”
My notary couldn’t understand why there was a blank titled “seal” next to the signatures for witnesses. There also isnt a blank for the grantor to sign, only a space for what I presume is their printed name. I believe all questions would be answered if we could see an uploaded sample copy of this form, completely filled out.
The “to wit” section makes sense when you use the recommendation above about the legal description and the address. I’m a bit unclear on the “seal” part but I’m in a state that does not REQUIRE witnesses so I believe I’ll simply take that part out.
so, where does the name of the Trust go? Is there a filled out Sample form anywhere? I’ve heard how simple it is and its true there are few blanks, but what to put in them ???
Ron probably doesn’t deal with this end, and his CS department may not have a system to address document errors. IMHO, add in a line for Grantor above the “signed in our presence” words; and change each “Seal” to “Address”. I’ve made other changes to modernize and clarify. It’s pretty sloppy in its original form.
It seems that the GRANTOR signature line is a required ‘ADD’ adjacent to the witness signatures at the bottom. The first ‘seal’ line should probably be for the GRANTOR’s signature.
#1.
Hello everyone! Tony Pearl, Mentor here.
I’d like to help clarify a couple things regarding this doc.
I have a lot to add here, so in the interest of brevity, I’ll break these up so that I answer ONE item per post…
When you fill this out, or better yet, when you have your closing agent fill this out, they should know what to do.
But just to help you out, here’s a few things to know:
1. The top line, “The Grantor(s)_______” that’s where the current owner(s)/seller(s) names go. For example, “John Smith.” Or if it’s a married couple, “John Smith and Mary Smith, a married couple.”
The County & State are for where they’re living when they sign this. And we usually like to put the amount of Ten Dollars ($10.00) in there as consideration.
2. Next line, “Unto______________” You will obviously put your Trustee in there.
NOTE: I personally like to put the NAME of the Trust, then the Trustee in there, like this: “…Unto 1234 Main St. Residential Land Trust, John Smith, as Trustee”
Your Trustee can be an individual or an entity, such as an LLC. If you use an LLC, you’ll need your paperwork for this to prove you have signatory capability (ability to sign on behalf of that entity) when they (usually the Notary) may request it).
If you’re using an individual, it should obviously be someone you know, like, and trust. This person will be appearing on public record and will have signing power to do whatever with the property.
NOTE: Ron recommends that when you take title in a Trust, you use an ENTITY (such as an LLC, that you control) as Trustee.
In addition to that, he recommends that you fill out the Grantee line “Unto…” as just your Trustee.
3. Where it shows “to wit:” you’ll insert the Legal Description there!
(Ex: “All that land…Lot 14, Block 28, blah blah blah”)
NOTE: The Legal Description must be FULL, COMPLETE, AND ACCURATE!!
The slightest mistake here could cost you, so don’t play around with this.
This is one of the many reasons why you’ll want to have a professional help prepare this deed for you.
4. On the 2nd page, where the signatures go, here’s what you need to know:
-The GRANTOR (who is the seller/owner of the property) will sign here.
-There are TWO sets of signature lines here, in case there are two people, such as a husband and a wife (typical).
-There needs to be a WITNESS to witness their signatures. It can be the same person for both (usually, unless there’s some sort of special state stipulation that designates otherwise).
-Where it says “Seal” is where the person SIGNS this Deed.
-This will obviously need to be Notarized, so wait until you have the Seller(s) in front of a Notary to sign… which is what will be handled FOR you by your closing agent (attorney or title company).
Tony Pearl, I appreciate the explanation, but I still have a couple of questions:
1. For a personal residence, can the Grantor (seller) also be the Trustee and Beneficiary?
2. I see lines for the witnesses to sign, but where does the Grantor (seller) sign?
Good questions.
1. The Grantor can (and in some cases should) be the Beneficiary, but the Grantor shouldn’t be the Trustee.
And in NO cases can the Trustee also be the Beneficiary, because that invalidates the Trust! So don’t ever do that!
2.The Grantor(s) sign where it says SEAL. Seal is another word for Signature, and it comes from a long time ago, when Royalty would SEAL a socument with their family crest/insignia, and often after dripping some hot wax.
But that’s a story for another thread lol
Hi Tony,
Thanks for the excellent explanation. One last question that I have regarding this last piece is who is ‘the person’ where you wrote, “-Where it says “Seal” is where the person SIGNS this Deed”? Do you mean the buyer or grantee? Or did I misunderstand something? Thanks in advance for the clarification
I take it back it is with the agreement… but other places I’d looked for it there was just the paper trust, and no instruction as of where to find this deed.
This deed of trust sure is well written. I’m concerned as to covering myself in all legal matters. This form will really help out so I don’t get into legal trouble. Thanks Ron!
Hi Tony, I would like to put my personal residence in a land Trust. I live in California. Do you know if the gold club has a sample copy of the deed called “Grant Deed to Trustee? “
I have been searching quite awhile .
Also Thank you for your concise explanation above!
Thanks for the kind words.
Yes, I believe it’s just a matter of semantics.
All you would really need to do in California is change the words FROM: “WARRANTY DEED TO TRUSTEE” TO: “GRANT DEED TO TRUSTEE”
But just to cover my backside, I’d recommend you check with your investor-friendly attorney.
Great post by Tony Pearl. He writes Ron recommends having your LLC be the Trustee rather than an individual.
I agree wholeheartedly.
Also, don’t be a trustee for someone else’s land trust, unless you want to get sued.
For real, I got sued as the trustee of a land trust a few years ago along with my friend who was the beneficiary.
She, my friend, who I met at a REIA club, took this house subject to and leased it out, then got behind in the mortgage payments. Seller had no remedy, so he sued her and me. Seller’s lawyer found my name in the County deed records as trustee, so he included me in the lawsuit. NOT FUN! She managed the property and collected rent. A Trustee has no control and gets no money, except a measly trustee fee which was only $100 per year. Cost me $4,500 in legal fees to get dismissed from the suit.
I need a deed to transfer a house into s living trust.
Which is the best deed to use?
Anyone ever answer your question ?
Good morning! Your question has been answered in the following episode of ‘Ask Ron’.
https://www.ronsgoldclub.com/resources/articles-and-reports/gold-club-weekly-report/2023-04-07-ask-ron
What does the mean when it says”under provisions of Section—————what Section are you talking about.
I don’t know just what to add here.
Paragraph 1 seems to cut off in the middle, “…provisions of Section” then nothing. That can’t be right.
We’re looking into this…Ron should have the correction back to us soon.
Still cuts off as of 9/5/2022.
I can’t get this to print correctly. I’ve tried Letter print and Legal print. It seems to be letter print… but the last few lines at the bottom of the “The Interest” paragraph disappear at bottom of page. The last page looks good. It starts with “And the grantor…”
I still see the same problem with the document as noted above by Mr Rivernbark and Mr Buie. I thought this might be fixed soon after Mr. Kouvatsos’ comment on 8/10/12…Please advise asap what language should be inserted.
Thanks!
In my estimation each state has its own requirements, that is why blank follows Section. I imagine you must check with your state rules of civil procedure to fill in the blank.
Thanks for making this document available but it appears that the first paragraph is still left open ended. Is there information that needs to be added by us or our attorney or by Ron’s team. I’m thinking maybe an underline and a period.
This document clearly needs some revision or editing. Would appreciate some assistance, it does not make sense as is.
Hey,
Has anyone seen a corrected version of this? I’m checking to see if I can figure out what the missing language is, but so far, no good.
Like this form a lot
After ” to wit:” what do I need to fill-in? The legal description of the property? Please advice.
Cheers,
After “wit” I think you have to write in description of the property like Ron has in on his other Trust documents
Yes, after the words, “to wit:”
You’ll add the full and complete Legal Description.
i need help with taking over a property under a land trust. welcome any guidance.
thx
Did you ever get an answer to this ?
Another great form to have. I don’t think I need this in my state (AZ), but I’ll find out.
Mr. Clark, where in AZ are you?
@ Bac and Sue:
I always list the legal description of the subject property first. Secondly, “commonly known as” (here add the address) and lastly, I provide the Parcel Number.
Has anyone answered the “Section” questionS from 2012? I am being questioned now by a seller, and have no clue.
Here’s the answer from Ron:
“The Section provision is to refer to any state statues you might have to include. However, most states do not require using something here. If you do not need to include something for your state, just remove ‘under provisions of Section’ and your document will be fixed.”
I Wish to download “Land Trust” and “Warranty Deed To Trustee” documents to record my rental property. Where and how can i find them? I am getting frustrated!!!
Hello Albert,
did you find access to a Warranty Deed to Trustee?
Ron, the form seems incomplete in the first paragraph where it ends “under privisions of Section…” ? Is there a more updated form?
Ron, I just read the response from Elliot Land, so my question is answered. thanks.
Does the Warranty Deed transfer the property, even if there is $0 consideration? Why the question is because in the Agreement and Declaration of Trust item no. 2 under Consideration, it states ‘No consideration was paid by Trustee for such conveyance.”
Please advise on my April 4th post. Let me know if I need to expound on my question if it doesn’t make sense. Thanks in advance.
Hello Joy!
Ron answered your question here:
https://www.ronsgoldclub.com/resources/ask-ron-2015-04-17
Fantastic document. Easy to use and covers everything. Thanks Ron.
My notary couldn’t understand why there was a blank titled “seal” next to the signatures for witnesses. There also isnt a blank for the grantor to sign, only a space for what I presume is their printed name. I believe all questions would be answered if we could see an uploaded sample copy of this form, completely filled out.
The “to wit” section makes sense when you use the recommendation above about the legal description and the address. I’m a bit unclear on the “seal” part but I’m in a state that does not REQUIRE witnesses so I believe I’ll simply take that part out.
did they ever send a sample
So This is used to take title to a house
This transfers tilte into a trust so ur trustees name is on public record and not yours good stuff
so, where does the name of the Trust go? Is there a filled out Sample form anywhere? I’ve heard how simple it is and its true there are few blanks, but what to put in them ???
And after 3 years of questions on this one “simple” form
there is still no clear answers nor is the form in question fixed. Why is that Ron?
Ron probably doesn’t deal with this end, and his CS department may not have a system to address document errors. IMHO, add in a line for Grantor above the “signed in our presence” words; and change each “Seal” to “Address”. I’ve made other changes to modernize and clarify. It’s pretty sloppy in its original form.
Put the question in the ask Ron section and should be answered in one of his weekly q&a in weekly email. Not sure how soon tho
It seems that the GRANTOR signature line is a required ‘ADD’ adjacent to the witness signatures at the bottom. The first ‘seal’ line should probably be for the GRANTOR’s signature.
I agree, I have reviewed the form and it does not have a spot for the Grantor to sign.
There seems to no successor beneficiary designation, in the event of my death. My family members are ready, willing, and able. Did I miss the wording?
I take back the above. Thought I was in the Agreement and Declaration of Trust.
#1.
Hello everyone! Tony Pearl, Mentor here.
I’d like to help clarify a couple things regarding this doc.
I have a lot to add here, so in the interest of brevity, I’ll break these up so that I answer ONE item per post…
When you fill this out, or better yet, when you have your closing agent fill this out, they should know what to do.
But just to help you out, here’s a few things to know:
1. The top line, “The Grantor(s)_______” that’s where the current owner(s)/seller(s) names go. For example, “John Smith.” Or if it’s a married couple, “John Smith and Mary Smith, a married couple.”
The County & State are for where they’re living when they sign this. And we usually like to put the amount of Ten Dollars ($10.00) in there as consideration.
…Read my next post for more info!
-Tony
#2.
Continuing…
2. Next line, “Unto______________” You will obviously put your Trustee in there.
NOTE: I personally like to put the NAME of the Trust, then the Trustee in there, like this: “…Unto 1234 Main St. Residential Land Trust, John Smith, as Trustee”
Your Trustee can be an individual or an entity, such as an LLC. If you use an LLC, you’ll need your paperwork for this to prove you have signatory capability (ability to sign on behalf of that entity) when they (usually the Notary) may request it).
If you’re using an individual, it should obviously be someone you know, like, and trust. This person will be appearing on public record and will have signing power to do whatever with the property.
Some states may use a Trust number. Some don’t.
I’ll post one more…
-Tony
NOTE: Ron recommends that when you take title in a Trust, you use an ENTITY (such as an LLC, that you control) as Trustee.
In addition to that, he recommends that you fill out the Grantee line “Unto…” as just your Trustee.
For example, “Unto Your LLC, as Trustee”
#3
There’s more…
3. Where it shows “to wit:” you’ll insert the Legal Description there!
(Ex: “All that land…Lot 14, Block 28, blah blah blah”)
NOTE: The Legal Description must be FULL, COMPLETE, AND ACCURATE!!
The slightest mistake here could cost you, so don’t play around with this.
This is one of the many reasons why you’ll want to have a professional help prepare this deed for you.
Ok, I’ll finish it up with one more post…
-Tony
#4
Final one for now…
4. On the 2nd page, where the signatures go, here’s what you need to know:
-The GRANTOR (who is the seller/owner of the property) will sign here.
-There are TWO sets of signature lines here, in case there are two people, such as a husband and a wife (typical).
-There needs to be a WITNESS to witness their signatures. It can be the same person for both (usually, unless there’s some sort of special state stipulation that designates otherwise).
-Where it says “Seal” is where the person SIGNS this Deed.
-This will obviously need to be Notarized, so wait until you have the Seller(s) in front of a Notary to sign… which is what will be handled FOR you by your closing agent (attorney or title company).
Ok, that’s all for now.
Hope that helps you out!! 🙂
—Tony Pearl
One of Ron’s Mentors
Thank you Tony! That was a perfect explanation
Tony Pearl, I appreciate the explanation, but I still have a couple of questions:
1. For a personal residence, can the Grantor (seller) also be the Trustee and Beneficiary?
2. I see lines for the witnesses to sign, but where does the Grantor (seller) sign?
Good morning! Part 1 of your question has been answered in the following episode of ‘Ask Ron’.
https://www.ronsgoldclub.com/resources/articles-and-reports/gold-club-weekly-report/2023-04-07-ask-ron
Hey Martin,
Good questions.
1. The Grantor can (and in some cases should) be the Beneficiary, but the Grantor shouldn’t be the Trustee.
And in NO cases can the Trustee also be the Beneficiary, because that invalidates the Trust! So don’t ever do that!
2.The Grantor(s) sign where it says SEAL. Seal is another word for Signature, and it comes from a long time ago, when Royalty would SEAL a socument with their family crest/insignia, and often after dripping some hot wax.
But that’s a story for another thread lol
-Tony
Hi Tony,
Thanks for the excellent explanation. One last question that I have regarding this last piece is who is ‘the person’ where you wrote, “-Where it says “Seal” is where the person SIGNS this Deed”? Do you mean the buyer or grantee? Or did I misunderstand something? Thanks in advance for the clarification
Good morning! Your question has been answered in the following episode of ‘Ask Ron’.
https://www.ronsgoldclub.com/resources/articles-and-reports/gold-club-weekly-report/2023-02-10-ask-ron
Thanks for clarifying, Tony.
I wish there was an audio response here.
You have a very comforting voice.
Aww shucks! Thanks for the sweet words! 🙂
And… I almost forgot…Thank goodness I finally found this document been looking for a while now.
Shouldn’t this be together with the trust agreement?
I take it back it is with the agreement… but other places I’d looked for it there was just the paper trust, and no instruction as of where to find this deed.
Thanks Tony for the detailed explanation.
Thank you Mr. Pearl for clearing that up for us. That helped out a lot.
Yes this is the golden key
Thank you Tony for the specific breakdown, helped clear the “clouds!’
Hello,
This deed of trust sure is well written. I’m concerned as to covering myself in all legal matters. This form will really help out so I don’t get into legal trouble. Thanks Ron!
Bye for now,
Robert
Hey Robert,
Sorry to have to correct you, but a Warranty Deed to Trustee is NOT a ‘Deed of Trust.’
A Deed of Trust is an instrument similar to a mortgage that is recognized in some states, whereas a mortgage is used in other states, such as NY.
This Deed here conveys title/ownership of a property.
Just wanted to clarify!
-Tony
Hi Tony, I would like to put my personal residence in a land Trust. I live in California. Do you know if the gold club has a sample copy of the deed called “Grant Deed to Trustee? “
I have been searching quite awhile .
Also Thank you for your concise explanation above!
Hey Rojo,
Thanks for the kind words.
Yes, I believe it’s just a matter of semantics.
All you would really need to do in California is change the words FROM: “WARRANTY DEED TO TRUSTEE” TO: “GRANT DEED TO TRUSTEE”
But just to cover my backside, I’d recommend you check with your investor-friendly attorney.
Hope this helps,
Tony
Great post by Tony Pearl. He writes Ron recommends having your LLC be the Trustee rather than an individual.
I agree wholeheartedly.
Also, don’t be a trustee for someone else’s land trust, unless you want to get sued.
For real, I got sued as the trustee of a land trust a few years ago along with my friend who was the beneficiary.
She, my friend, who I met at a REIA club, took this house subject to and leased it out, then got behind in the mortgage payments. Seller had no remedy, so he sued her and me. Seller’s lawyer found my name in the County deed records as trustee, so he included me in the lawsuit. NOT FUN! She managed the property and collected rent. A Trustee has no control and gets no money, except a measly trustee fee which was only $100 per year. Cost me $4,500 in legal fees to get dismissed from the suit.