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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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