Preparing a deed for the changing of the title of real estate either by sale, gifting or in the form of a will that will be put into action after your demise, needs careful reflection and action. Most of the time, it would be best if you could obtain professional help so that you know you have not left anything to be contested later or that you have not made a mistake that would hold the will ineligible to be validated in a court of law. Imagine this happening after you have passed on? It would throw your family and loved ones into a very stressful and chaotic situation. Here are some of the steps that you could take when preparing a deed that will make the process easy for both you and the grantees.
Name the Grantee
The very first step that you need to take is to coherently and satisfactorily identify the grantee who will be receiving the real estate. This could be a buyer or your next of kin. Generally, you will only be required to include their correct name only. However in some states, you will be required to also include their address and any other identification for them as well. If you are living in the area get the help of professional services for conveyancing Cranbourne in order to ensure that you are not missing out on key information. The grantee can also be a single person or a few people like a family. It could also be a non-profit, a corporate or any other kind of entity as per your selection.
Now Identify the Grantor Correctly
Your deed also needs your information and identification to be valid. If not you, the name of the person who is in the process of converting their title to somebody else should be mentioned clearly. Like in the case before, this could be a person, people or a company or organization.
Describe the Real Estate As Best As You Can
Now that you have completed identifying all the parties that are relevant to the transaction, you will need to describe the real estate as best as you can. The description that you provide should have enough integrity to hold up in case of legal requirements. The best place for you to get this information would be to refer to your own deed that you received when you gained ownership of the real estate. The descriptions that are found in tax records, any street addresses and the like will not be considered as meeting the legally required criteria and therefore should always be avoided. There are generally two kinds of descriptions that you can use. One is the ‘lot and block’ descriptions that are often seen in subdivisions. These will have a lot, a block number and the name of the subdivision along with the name of the state and the county. The other type is the ‘metes and bounds’ descriptions which are used in real estate without subdivisions. They will identify your real estate as is inside the public surveying method.