Fill and Sign the General Warranty Deed Trust to Two Individuals Ohio Form

© 2016 - U.S. Legal Forms, Inc.       OHIO GENERAL WARRANTY DEED [Trust to Two Individuals] Control Number: OH-035-78 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Ohio real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship (JTWROS): is a type of concurrent estate in which co-owners have a right of survivorship , meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above 3. In the past, Ohio accepted ownership of real property by husband and wife in the form known as “tenants by the entirety.” This was a type of joint ownership of real property by husband and wife where they each owned the entire property. (Tenants in common and joint tenants own an undivided fractional interest of the property.) In Ohio, tenants by the entirety were established by statute from 1972 to 1984. Although estates of tenancy by the entireties can no longer be created in Ohio, those interests established when the statute was in effect are still valid. 4. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common or Joint Tenants with Right of Survivorship. B. For example: “. . . as tenants in common , . .” OR “. . .as joint tenants with the right of survivorship and not as tenants in common , . .“ III. 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HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.       GENERAL WARRANTY DEED (Trust to Two Individuals) FOR VALUABLE CONSIDERATION OF TEN DOLLARS ($10.00), and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby acknowledged, Grantor, ______________________________ , an individual, a Corporation organized under the laws of the State of ______________________________ , whose address is ______________________________ , as Trustee under the provisions of a trust agreement dated the ______________________________ , 20       , and known as the ______________________________ Trust , grants with General Warranty Covenants to ______________________________ , whose tax-mailing address is ______________________________ , and ______________________________ , whose tax-mailing address is ______________________________ , Grantees as tenants in common , the following REAL PROPERTY, situated in the City of ______________________________ , County of _______________________ , and State of Ohio: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       The above is intended to convey an interest in property known as: ______________________________ , Parcel # ____________ Alt Id # __________________ Prior Instrument Reference: Reception No. __________________ , Book ______ / Page ______ , recorded on __________________ , ______ . General Warranty Deed Page 1 of 3 INDIVIDUAL EXECUTION IN WITNESS WHEREOF, the Grantor, acting in his capacity as Trustee of the ________________________________________________ Trust, has executed the above instrument on this ______ day __________________ , 20 ______ . Name of Trust: ________________________ \ By: Signature ________________________ Type or Print Name STATE OF OHIO , COUNTY OF       , SS: The foregoing instrument was acknowledged before me this       day of       , 20       ,       (name of person acknowledged.) IN WITNESS WHEREOF, I have hereunto set my hand and official seal. Notary Public My commission expires:             Type or Print Name CORPORATE EXECUTION In witness whereof, the Grantor has caused its corporate seal to be hereunto affixed, and these presents to be signed by its duly authorized officer on this the       day of       , 20       .       A Corporation General Warranty Deed Page 2 of 3 ATTESTED BY: By: Signature Signature             Type or Print Name Type or Print Name       Its:       Position or Rank STATE OF OHIO , COUNTY OF       , SS: The foregoing instrument was acknowledged, before me, this       day of       , 20       , by       , of       , a       corporation, on behalf of the corporation. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. Notary Public My commission expires:             Type or Print Name This Instrument was prepared by:                   Signature       Print or Type Name General Warranty Deed Page 3 of 3 General Warranty Deed Page 4 of 3 EXHIBIT A Grantor:       Grantees:             Legal Description:       General Warranty Deed Exhibit A