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Percent ownership in Grantor section of deed?

Discussion in 'Other Ownership, Use & Privacy Issues' started by isoadvice, Feb 16, 2021.

  1. isoadvice

    isoadvice Law Topic Starter New Member

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    Jurisdiction:
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    Hello. If I own 50% interest in a property (as tenants in common) and I want to transfer my interest into my revocable trust using a Trust Transfer Deed, would I include my % interest in the Grantor section of the deed (i.e. "Jane Doe, a single woman, as to her undivided 50% interest, hereby Grants to...")? Or, if not, is there some other way I would make it clear on the deed that I'm only transferring an interest in the property?
    Thank you for your help!
     
  2. Tax Counsel

    Tax Counsel Well-Known Member

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    You can only transfer the portion of the property you own. So you could simply state in the deed that you are transferring all the interest you have in Property X to your trust.
     
  3. zddoodah

    zddoodah Well-Known Member

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    Your use of the word "would" renders this question a bit confusing. There is no need to specify your percentage of ownership on the deed.

    I am confident there are many ways you could do that, but what difference does it make?

    I STRONGLY encourage you to consult with a local attorney to ensure you don't mess this up.
     
  4. isoadvice

    isoadvice Law Topic Starter New Member

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    Thank you both for your help.
     

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