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Deeds for California Real Estate
Description: The forms and information Californians need to transfer property to someone else.
Whenever you transfer real estate in the Golden State -- because of marriage, divorce, death or for
estate planning purposes -- you need a new deed.
Deeds for California Real Estate shows you how to choose the right kind of deed, create it, then file
it with the county recorder. It has all the forms you’ll need, with step-by-step instructions for
completing them quickly and accurately.
This book also shows you how to:
- change the way you hold title to real estate
- add someone to the title of real estate you own
- transfer real estate into, or out of, a revocable living trust
- use real estate as security for a loan
- buy out a co-owner of real estate
Deeds for California Real Estate also explains disclosure requirements, community property rules,
and tax and estate planning aspects of property transfers. The 7th edition is completely updated
with the latest disclosure forms, federal gift and estate tax numbers, and information for registered
domestic partners.
Contents: 1. An Overview of Real Property Transfers
Understanding Basic Terminology
Encumbrances
Property Tax Reassessment
Gifts of Real Property: Federal Gift Tax
Disclosure Requirements
Documentary Transfer Tax
Transfers Before Bankruptcy
Do You Need a Title Search and Title Insurance?
2. Who Must Sign the Deed?
Transfers From Married Persons or Domestic Partners
Transfers from Unmarried Co-Owners
Transfers of Partnership Property
Transfers of Corporate Property
Transfers of Limited Liability Company Property
Transfers From Trustees
Owners Who Cant Sign a Deed
Persons Who Have Executed a Power of Attorney
3. How Should the New Owners Take Title?
Transfers to One Unmarried Recipient
More Than One Unmarried Recipient
Transfers to Married Recipients
Transfers to Partnerships
Transfers to Corporations
Transfers to Limited Liability Companies
Transfers to Minors
Transfers to Living Trusts
4. Deeds of Trust
How Trust Deeds Work
How to Fill Out a Trust Deed and Promissory Note
Reconveyance
5. Preparing Your Deed
What Kind of Deed to Use
Preparing a Grant or Quitclaim Deed
Revoking a Deed
6. Recording Your Deed
Step 1: Prepare Change of Ownership Forms
Step 2: Take the Deed and Tax Statements to the Recorder
7. When You Need an Expert
Where to Go for Help
Accountants
Lawyers
Doing Legal Research Yourself
Glossary
Appendix
Grant Deed (2 copies)
Quitclaim Deed (2 copies)
Deed of Trust
Promissory Note Secured by Deed of Trust (2 copies)
Real Estate Transfer Disclosure Statement
Natural Hazard Disclosure Statement
Form for Acknowledgment: Military Personnel
Declaration of Exemption From Documentary Transfer Tax: Gift of Real Property
Declaration of Exemption From Documentary Transfer Tax: Division of Marital Real Property
Local Option Real Estate Transfer Disclosure Statement
Index
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