[WSBARP] Best practice - Conveying into new trust

[nestor at pplsweb.com]

I typically use a Special Warranty Deed. I don't think you need an
endorsement since the Trust or estate planning entity will be insured after
the policy date. See paragraph 2 of the HO policy for definitions.

 

 

Nestor Gorfinkel, Attorney at Law

Licensed in Washington & Florida

Florida Civil-Law (International) Notary

 

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
On Behalf Of marc holmeslawgroup.com
Sent: Wednesday, February 20, 2019 8:52 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Best practice - Conveying into new trust

 

I've seen quit claim, bargain and sale, special warranty, and statutory
warranty deeds used to  convey property into a trust and am trying to decide
which to use and whether to ask the title company for an endorsement for the
new "insured."

 

Any opinion on which is most appropriate form of deed and whether a title
endorsement is even necessary.  I vaguely recall that this sort of
conveyance won't disturb continuity of coverage under either an ALTA
Standard or ALTA Homeowner's policy.     

 

 

 

Marc Holmes, JD
Holmes Law Group PLLC

2303 W. Commodore Way, Suite 306

Seattle, WA 98199
 <mailto:marc at holmeslawgroup.com> marc at holmeslawgroup.com
(206) 357-4224 (ofc)
(206) 849-0853 (cell)

 

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