Fill and Sign the Warranty Deed from Trust to Two 2 Individuals Maryland Form

© 2016 - U.S. Legal Forms, Inc.       MARYLAND WARRANTY DEED [Trust to Two (2) Individuals] Control Number: MD-024-78 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. Maryland Land Instrument Intake Sheet The Intake Sheet is designed to provide a single form that the twenty-four (24) circuit court clerk offices will use to expedite the accurate processing, recording, and indexing of land instruments. Additionally, the Intake Sheet has been designed to accommodate the information needs of the Maryland Department of Assessments and Taxation (SDAT) and the local finance offices. NOTE: When a deed or other instrument changing ownership is submitted to SDAT for processing, a photocopy of the instrument for SDAT, as well as the original, must accompany the Intake Sheet. The Intake Sheet, The Addendum and the Instructions for completing the form are located at: http://www.courts.state.md.us/courtforms/circuit/intakesheet.html III. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Maryland, 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. 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 definitions 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 and not as tenants in common .. .” IV. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Maryland. 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. 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 EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, 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 THE POSSIBILITY OF SUCH DAMAGES. APN / PID Number:       WARRANTY DEED (Trust to Two (2) Individuals) This Deed is made by: GRANTOR:       , an individual, whose address is       , as Trustee under the provisions of a trust agreement dated       , 20       , and known as the       Trust, and GRANTEES:       , whose address is       and       , whose address is       . FOR VALUABLE CONSIDERATION OF TEN DOLLAWS ($10.00), and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is here acknowledged, Grantor does hereby grant, convey and warrant unto Grantees, as tenants in common , all that property situated in       County, Maryland, and described as follows: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Warranty Deed Page 1 of 2 Grantor covenants that Grantor has good and complete right, title, and interest in the property described above, and that right, title and interest is free and clear of all liens, encumbrances, restrictions other than those of record. SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. 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 Use one of the following certifications: (1) This is to certify that the within instrument has been prepared under the supervision of the undersigned Maryland attorney. Sign:       Type or Print Name -OR- (2) This is to certify that the within instrument has been prepared by a party to the instrument. Sign:       Type or Print Name STATE OF MARYLAND , COUNTY OF       Personally appeared before me, a Notary Public, in and for said county and state, on this       day of       , 20       , the within named       , known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he executed the same for the purposes therein contained. NOTARY PUBLIC       Warranty Deed Page 2 of 2 Print or Type Name My Commission Expires: ___________________ After recording, please return this form to:                   Warranty Deed Page 3 of 2 EXHIBIT A Grantor: Name of Trust:       Trustee:       Grantees:             Legal Description:       Exhibit A