Fill and Sign the Trust to Two 2 Individual Form

© 2015 - U.S. Legal Forms, Inc. TEXAS GENERAL WARRANTY DEED [Trust to Two (2) Individual] Control Number: TX-011 3-78 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 t he View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms t oolbar 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 ne eded 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 Texas, 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 c. Community Property - a form of joint ownership of property between married individuals. When a married co-owner dies their share goes to their heirs as provided in their will or the laws of intestacy. d. Community Property with the right of survivorship - a form of joint ownership of property between married individuals. When a married co- owner dies their share goes to the surviving spouse. 3. In the attached deed, the preparer will need to indicate how the Grantees wi ll hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; community property or community property with the right of survivorship. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “as Tenants in Common ,” “as community property with the right of survivorship ,” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Texas. All information and Forms are subject to this Di sclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF ) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRES S OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTAB ILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR AN Y PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS , INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (IN CLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTE RRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF T HE POSSIBILITY OF SUCH DAMAGES. General W arranty Deed Page 1 of 3 This document prepared by (and after recording return to): -Above This Line Reserved For Official Use Only-- Name: Firm/Company Address: Address 2: City, State, Zip: Phone: NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SO CIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. GENERAL WARRANTY DEED [Trust to Two (2) Individuals] GRANTOR: MAILING ADDRESS (including county): GRANTEES: MAILING ADDRESS (including county): MAILING ADDRESS (including county): CONSIDERATION: $ ($__________________) cash and other good and valuable consideration, the receipt of which is hereby acknowledged, and for which no lien, expressed or implied, is retained in this deed. PROPERTY ADDRESS: General W arranty Deed Page 2 of 3 LEGAL DESCRIPTION: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: For the Consideration stated and subject to the Exceptions to Conveyance and Warranty, Grantor ________________________, an individual, as Trustee under the provisions of a trust agreement dated the ____________ day of ____________, 20______, known as the __________________ Trust, has GRANTED, SOLD AND CONVEYED and by these presents does GRANT, SELL AND CONVEY unto Grantees, as , all that certain lot or parcel of land, together with all and singular the rights and appurtenances thereto in any way belonging, to have and to hold it. Grantor binds Grantor's successors and assigns to warrant and forever defend title to the Property to Grantees and Grantee's successors and assigns, subject to the R eservations and Exceptions noted herein, against every person whomsoever lawfully claiming or to claim the same or any part thereof. SUBJECT TO : . RESERVATIONS FROM AND EXCEPTIONS TO CONVEYANCE AND WARRANTY: This conveyance, however, is made and accepted subject to any and all validly existing encumbrances, conditions and restrictions, relating to the hereinabove described property as now reflected by the record s of the County Clerk of __________________ County, Texas. IN WITNESS WHEREOF, the Grantor, acting in his capacity as Trustee of the Trust, has executed the above instrument on this the day of , 20 . Name of Trust: By: Signature Type or Print Name General W arranty Deed Page 3 of 3 STATE OF TEXAS, COUNTY OF This instrument was acknowledged before me on ____________, 2009, by ______________________________. Notary Public, State of Texas Notary's Printed / Typed Name My Commission Expires: __________________ After recording, return to (name, address, phone) Prepared by (name, address and phone) General W arranty Deed Exhibit A EXHIBIT A Grantor Trust: Grantees: Legal Description: