Deed & Titles

There are well over 10 different kinds deeds. Many people do not realize there are several options. Which type you use can have different beneficial or detrimental effect depending on your circumstances and needs.

Common Deeds & Titles

This is the same as a General Warranty Deed but because of the importance of a Warranty Deed, the Florida legislature made it into a Statutory form in Florida. The Grantor (Seller) warrants that they have good and marketable title to the property by the “warranties” contained in the Deed language. Other forms besides the legislature’s may be acceptable but need to be reviewed internally. 

Similar to a Statutory or general Warranty Deed except that it only warrants title from the time the Grantor (Seller) took title to the property.  Often used by developers.

The effect of this deed is to give “all of the right, title and interest” of the Grantor (Seller) to the Grantee (Buyer) (there are no warranties). In other words, whatever interest a person has in the property they transfer and convey through the Quit Claim Deed.

The Grantor (Seller) cannot simply be identified as “trustee” but it must instead state “_____________as trustee of the _________ trust u/a/d ______.” To be on the safe side include “individually, (marital status or non-homestead) and “as…” (deed can come from individual trustee, co-trustees, or successor trustees). The notary must state the different capacities of Grantor.

Although a lot of offices have a special “Personal Representative Deed” form, we use the Statutory Warranty Deed form and deed out as “John Smith, individually, a single man or joined by wife if married or appropriate non-homestead representative, and as Personal Representative of the Estate of Mary Smith to _________”. (All capacities in which they are deeding out must be in the Notary).

When property is held within an Estate and is transferred to the beneficiaries, it is done through a Personal Representative’s Distributive Deed. The probate attorney will generally do this.

A Guardian Deed is granted when the original owner is incapable of making decisions regarding their personal affairs or property, usually the legal guardian of an incapacitated person.

A traditional Life Estate Deed is an Estate planning tool which places the real property into the name of the owner for life (although sometimes the owner puts it into a third party’s name for life and the remainder to the owner) and the remainder to the people chosen by the owner which is often their children. A Life Estate CANNOT have the remaindermen as joint tenants with the right of survivorship. Under this traditional Life Estate Deed, the Life Estate holder (which is often the owner) cannot sell or mortgage the property without joinder by the remainder persons.

This Deed is being used more frequently as the Estate planning tool of preference. The difference between the traditional Life Estate Deed is the fact that the remainder persons (often the Grantor/Owner’s children or grandchildren) do not have any say in the Life Estate holder selling or mortgaging the property. The benefit here is that someone can put their property into a Life Estate and choose the remainder persons upon their death but the remainder persons have no control over the property during the Life Estate holder’s life and the Life Estate holder can sell or mortgage without their permission. Again, the remainder persons cannot hold the title as joint tenants with right of survivorship.

How should you title your home?

There are several options, and the best one depends on your unique circumstances.

Let us help guide you through this process

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