Fill and Sign the Trustees Deed Form

© 2016 - U.S. Legal Forms, Inc.       MISSOURI TRUSTEE'S DEED [Two Trustees to Two Individuals / Husband and Wife] Control Number: MO-030-78 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 Missouri, 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 difer 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. Tenants by the Entirety - a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. Like a JTWROS, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property passes to the surviving spouse, without going through probate. 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; or, Tenants by the Entirety. B. For additional information on the above see the defnitions at: http://lawdigest.uslegal.com/ C. For example: “. . . as tenants in common , . . .” OR “. . . as tenants by the entireties , . . .” OR “. . . as joint tenants with the right of survivorship .” III. 456.8-815. General powers of trustee. 1. A trustee, without authorization by the court, may exercise: (1) powers conferred by the terms of the trust; and (2) except as limited by the terms of the trust: (a) all powers over the trust property which an unmarried competent owner has over individually owned property; (b) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (c) any other powers conferred by sectio ns 456.1-101 to 456.11-1106. 2. The exercise of a power is subject to the fduciary duties prescribed by section 456.8-801 to 456.8-814. (L. 2004 H.B. 1511) Efective 1-01-05 III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Missouri. All information and Forms are subject to this Disclaimer: 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. 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(Space above reserved for Recorder of Deeds Certification) Title of Document: Trustee's Deed from Two Successor Trustees to Husband and Wife / Two Individuals Date of Document:       Name of Trust:       1 st Grantor’s Name and Address: 2 nd Grantor’s Name and Mailing Address :                                                 1 st Grantee’s Name and Mailing Address : 2 nd Grantee’s Name and Mailing Address :                                                 Legal Description:       Reference Book and Page(s):       Notes:       Trustee's Deed Coversheet After Recording, return to:       . TRUSTEE'S DEED [Two Trustees to Husband and Wife / Two Individuals] GRANTORS:       , whose post office address is       , and       , whose post office address is       , as Trustees of the       , and GRANTEES:       , whose post office address is       , and       , whose post office address is       , husband and wife , WITNESSETH : Grantors, for and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration paid to the Grantors, the receipt of which is hereby acknowledged, do by these presents Grant, Bargain, Sell, Convey and Confirm unto the Grantees, as       , the following described lots, tracts or parcels of land lying, being and situated in the County of       and State of Missouri, to wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       TO HAVE AND TO HOLD the premises aforesaid, with all and singular the rights, privileges, appurtenances and immunities thereto belonging or in anywise appertaining, unto the said Grantees and unto Grantee's successors and assigns FOREVER, the Grantors hereby covenant that they are lawfully seized of an indefeasible estate in fee in the premises herein conveyed; that they have good right to convey the same; that the said premises are free and clear of any encumbrances done or suffered by them or those under whom they claim title; and that it will warrant and defend the title to said premises unto the Trustee's Deed Page 2 of 2 said Grantees, and unto Grantees successors and assigns forever, against the lawful claims and demands of all persons. IN WITNESS WHEREOF , the Grantors, acting in their capacity as Trustees of the       Trust, have executed the above instrument on this the       day of       , 20       . Signature of Grantor       Type/Print Name State of Missouri, County of       On this       day of       , 20       , before me,       , a notary public in and for said state, personally appeared       , known to me to be the person described in and who executed the above Trustees Deed, and who acknowledged to me that he/she executed the same for the purposes therein stated. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year last above written. [SEAL] Notary Public       Type or Print Name My commission expires :       Signature of Grantor       Type/Print Name State of Missouri, County of       On this       day of       , 20       , before me,       , a notary public in and for said state, personally appeared       , known to me to be the person described in and who executed the above ____________ Deed, and who acknowledged to me that he/she executed the same for the purposes therein stated. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year last above written. Trustee's Deed Page 2 of 2 [SEAL] Notary Public       Type or Print Name My commission expires :       Trustee's Deed Page 2 of 2 EXHIBIT A Grantor Trustees:             Grantees:             Legal Description:       Trustee's Deed Exhibit A