[WSBARP] deed for successor trustee

[Jackie Kettman-Thomas]

Thanks very much! 

 

 

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
On Behalf Of Dwight Bickel
Sent: Tuesday, November 5, 2019 7:54 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] deed for successor trustee

 

The deed is required, because the Trust itself is not  an entity capable of
owning real property. The Trustee is vested. Some say that a successor
Trustee becomes the legal owner without a deed, which is technically true,
but title companies will require a deed, or substitute Affidavit or Court
Order that puts the change of name in the public records. I would use a
quitclaim deed, which would have no consequence on title insurance policy
previously issued with the initial Trustee named, because the successor
Trustee is already an Insured by definitions.

 

Dwight A. Bickel

Washington Title Professional

dwightbickel at hotmail.com <mailto:dwightbickel at hotmail.com> 

www.linkedin.com/in/dwightbickel <http://www.linkedin.com/in/dwightbickel> 

http:/www.titleadvisor.com

206-484-1976 

 

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