Law Offices of Gerald L. Kane
  • Home
  • Who We Are
    • GLK Team
    • Meet Our Attorney
    • Getting Started
      • Do You Need A Family Wealth Planning Session?
      • How Do I Start
    • What Our Clients Say
      • Video Testimonials – What Our Clients Say
    • What Other Attorneys Say
    • Why Choose Gerald L Kane
    • Firm Overview
  • Practice Areas
    • Estate Planning
    • Life Care Planning
    • Probate
    • Trust Administration
    • Veterans Benefits
    • Medicaid & Medi-Cal
    • Special Needs Planning
    • Business Law
  • Life Care Planning
    • Life Care Planning FAQ
    • Medicaid & Medi-Cal
    • Veterans Benefits
  • Resources
    • Senior Resources
    • Parent Resources
    • Seminars
    • Free Seminar
  • Contact Us
  • Blog
  • Media Center
    • Video Center
    • Press Releases
  • Free Reports
    • Special Needs Planning Guide
    • Five Things to Ask When Hiring an Attorney
    • Sandwich Generation Planning Guide
    • VA Pension Guide
    • Caregiver Ebook
    • Request Several Reports
    • The VA’s Best Kept Secret
    • Six Major Mistakes When Choosing Attorney
  • All Pages List
Select Page

The Four Types of Real Estate Deeds You Should Know About

On behalf of Law Offices of Gerald L. Kane | Aug 16, 2018 | Estate Planning

During the estate planning process, real estate properties can be sold, given to family, or put into trusts depending on the situation and goals of the planners. Depending on what course of action needs to be taken, a different deed is required. Here are the four most common real estate deeds you should know about when beginning the estate planning process:

Warranty Deed

A warranty deed is typically used in residential real estate sales, so seniors may encounter these types of deeds if they’re downsizing and moving to a smaller home. Warranty deeds guarantee the buyer that the seller is, in fact, able to sell the property and that the property does not have any debt encumbrances. The seller is responsible for claims against the property, and warranty deeds usually include language that states the seller is obligated to compensate the buyer for any problems or debts that may arise, which is why obtaining a title insurance policy is a must when buying and selling a house.

Special Warranty Deed

A special warranty deed does not cover the entire history of the house; instead, it only contains guarantees against any problems that may arise from the time the current seller owned the property. Special warranty deeds are mostly used in commercial real estate deals, though there are some where they are appropriate for residential real estate transactions.

Quit-Claim Deed

The most common real estate deed for estate planning is the quit-claim deed, which is used to easily transfer properties to family members or trusts. Unlike a warranty deed, a quit-claim deed provides no guarantee, and there is usually little to no money involved in the “sale” of the property. The quit-claim deed transfers the owner’s interest in the property to the grantee without stating what the actual interest is, which is why this deed does not provide a guarantee.

Grant Deed

Grant deeds are also sometimes used for residential sales and are very similar to a warranty deed. The grant deed guarantees that the seller owns and can sell the property, and that the property is being sold for a price that is agreed upon by both parties. However, like a quit-claim deed, a grant deed offers the buyer no protection from any problems arising from the title of the property.

If you have any further questions about the role of deeds in real estate transactions or estate planning, or if you’d like to have your current real estate deeds reviewed to make sure they meet your estate planning goals, please set up an appointment at our Encino estate planning law office by calling (818) 905-6088.

Recent Posts

  • HIPAA Laws and Estate Planning | LA County Will and Trust Lawyers
  • Encino Elder Lawyer: Recognizing the Signs of Elder Abuse
  • Encino Estate Lawyer: Wills and Trusts 101
  • Wait! Before You Agree to Serve as Someone’s Executor… | Encino Probate Lawyer
  • Encino Special Needs Lawyer: The Basics of a Medi-Cal Special Needs Trust

Archives

  • February 2020
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • April 2016
  • February 2016
  • January 2016
  • November 2014
  • October 2014
  • July 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • November 2012
  • October 2012
  • July 2012
  • June 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • September 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • February 2011
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • April 2010
  • September 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • June 2008

Categories

  • Business
  • Business, Estate Planning, Family, Finance, Kids Protection
  • Business, Estate Planning, Finance
  • Business, Estate Planning, Retirement
  • Business, Finance
  • Cool Stuff
  • Elder Care
  • Elder Care, Elder Law
  • Elder Care, Elder Law, Estate Planning
  • Elder Care, Elder Law, Medicaid
  • Elder Care, Elder Law, Veterans
  • Elder Law
  • Elder Law, Estate Planning
  • Elder Law, Estate Planning, Finance
  • Elder Law, Estate Planning, Retirement
  • Elder Law, Family
  • Elder Law, Health Care Directives, Power of Attorney
  • Elder Law, Insurance
  • Elder Law, Medicaid
  • Elder Law, Power of Attorney
  • Elder Law, Retirement
  • Elder Law, Veterans
  • Estate Planning
  • Estate Planning, Family, Finance
  • Estate Planning, Family, Kids Protection
  • Estate Planning, Family, Kids Protection, Personal Family Lawyer
  • Estate Planning, Family, Marriage
  • Estate Planning, Family, Special Needs
  • Estate Planning, Family, Wills and Trusts
  • Estate Planning, Finance
  • Estate Planning, Health Care Directives
  • Estate Planning, Health Care Directives, Wills and Trusts
  • Estate Planning, Marriage
  • Estate Planning, Medicaid
  • Estate Planning, Probate
  • Estate Planning, Probate, Wills and Trusts
  • Estate Planning, Question of the week
  • Estate Planning, Special Needs
  • Estate Planning, Special Needs, Wills and Trusts
  • Estate Planning, Taxes
  • Estate Planning, Taxes, Wills and Trusts
  • Estate Planning, Wills and Trusts
  • Family
  • Family, Gerry's Corner
  • Family, Gerry's Corner, Special Needs
  • Family, Kids Protection
  • Finance
  • Gerry's Corner
  • Gerry's Corner, Personal Family Lawyer
  • Gerry's Corner, Personal Growth
  • Health Care Directives
  • HIPAA
  • Insurance
  • Kids Protection
  • Marriage
  • Medicaid
  • Personal Family Lawyer
  • Personal Growth
  • Power of Attorney
  • Probate
  • Question of the week
  • Resources
  • Retirement
  • Special Needs
  • Special Needs, Wills and Trusts
  • Taxes
  • Veterans
  • Wills and Trusts

RSS Feed

Subscribe To This Blog’s Feed

findlaw-network

Learn how we can make a difference

Email Us For A Response
State Bar Of California | California Board Of Legal Specialization
PFL | Personal Family Lawyer
9.0Gerald Lee Kane

Don’t pay too much for legal services

~|map-marker~|font-awesome~|solid

16255 Ventura Boulevard
Suite 510
Encino, CA 91436

Law Offices of Gerald L. Kane
Map & Directions
~|icon_mobile~|elegant-themes~|outline

Phone: 818-905-6088
Fax: 818-905-6080

Review us
  • Follow
  • Follow
  • Follow
  • Follow

© 2021 Law Offices of Gerald L. Kane. All Rights Reserved.

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters