Deeds in Pennsylvania - Revision history

Josephdebarberie: /* Transfer on Death Deeds (Beneficiary Deeds) */

2024-06-26T18:08:15Z

‎Transfer on Death Deeds (Beneficiary Deeds)

Josephdebarberie: /* Deeds to Non-Existent Grantees */

2023-07-11T21:07:13Z

‎Deeds to Non-Existent Grantees

Josephdebarberie: /* Deeds to Non-Existent Grantees */

2023-07-11T21:06:55Z

‎Deeds to Non-Existent Grantees

Josephdebarberie at 21:02, 11 July 2023

2023-07-11T21:02:17Z

Josephdebarberie: /* Transfer on Death Deeds */

2023-05-04T17:28:30Z

‎Transfer on Death Deeds

Josephdebarberie at 16:24, 4 May 2023

2023-05-04T16:24:14Z

Davidjenkins: /* Types of Deeds */

2018-03-15T18:55:58Z

‎Types of Deeds

Davidjenkins: /* Execution of Deeds */

2018-03-15T18:53:44Z

‎Execution of Deeds

Davidjenkins at 18:30, 15 March 2018

2018-03-15T18:30:30Z

Davidjenkins: /* Types of Deeds */

2018-03-15T18:27:31Z

‎Types of Deeds

@@ Line 81: / Line 81: @@
 =Transfer on Death Deeds (Beneficiary Deeds)=
-Transfer on death deeds do not appear to be authorized in Pennsylvania.
+Transfer on death deeds do not appear to be authorized in Pennsylvania.<br>
 =Deeds to Non-Existent Grantees=
 A deed that purports to convey real estate to a nonexistent entity has no effect. In re Est. of Rodgers, No. 825 WDA 2012, 2013 WL 11255544 (Pa. Super. Ct. Aug. 21, 2013) (unreported) (Limited Partnership); Lester Assocs. v. Com., 816 A.2d 394 (Pa. Commw. Ct. 2003) (LLC); Borough of Elizabeth v. Aim Sher Corp., 316 Pa. Super. 97, 462 A.2d 811 (Pa. 1983) (Corporation).

← Older revision		Revision as of 21:07, 11 July 2023
Line 84:		Line 84:

	=Deeds to Non-Existent Grantees=		=Deeds to Non-Existent Grantees=
−	A deed that purports to convey real estate to a nonexistent entity has no effect. In re Est. of Rodgers, No. 825 WDA 2012, 2013 WL 11255544 (Pa. Super. Ct. Aug. 21, 2013) (Limited Partnership); Lester Assocs. v. Com., 816 A.2d 394 (Pa. Commw. Ct. 2003) (LLC); Borough of Elizabeth v. Aim Sher Corp., 316 Pa. Super. 97, 462 A.2d 811 (Pa. 1983) (Corporation).	+	A deed that purports to convey real estate to a nonexistent entity has no effect. In re Est. of Rodgers, No. 825 WDA 2012, 2013 WL 11255544 (Pa. Super. Ct. Aug. 21, 2013) (unreported) (Limited Partnership); Lester Assocs. v. Com., 816 A.2d 394 (Pa. Commw. Ct. 2003) (LLC); Borough of Elizabeth v. Aim Sher Corp., 316 Pa. Super. 97, 462 A.2d 811 (Pa. 1983) (Corporation).

← Older revision		Revision as of 21:06, 11 July 2023
Line 84:		Line 84:

	=Deeds to Non-Existent Grantees=		=Deeds to Non-Existent Grantees=
−	A deed that purports to convey real estate to a nonexistent entity has no effect. Lester Assocs. v. Com., 816 A.2d 394 (Pa. Commw. Ct. 2003) (LLC); Borough of Elizabeth v. Aim Sher Corp., 316 Pa. Super. 97, 462 A.2d 811 (Pa. 1983) (Corporation)	+	A deed that purports to convey real estate to a nonexistent entity has no effect. In re Est. of Rodgers, No. 825 WDA 2012, 2013 WL 11255544 (Pa. Super. Ct. Aug. 21, 2013) (Limited Partnership); Lester Assocs. v. Com., 816 A.2d 394 (Pa. Commw. Ct. 2003) (LLC); Borough of Elizabeth v. Aim Sher Corp., 316 Pa. Super. 97, 462 A.2d 811 (Pa. 1983) (Corporation).

← Older revision		Revision as of 21:02, 11 July 2023
Line 82:		Line 82:
	=Transfer on Death Deeds (Beneficiary Deeds)=		=Transfer on Death Deeds (Beneficiary Deeds)=
	Transfer on death deeds do not appear to be authorized in Pennsylvania.		Transfer on death deeds do not appear to be authorized in Pennsylvania.
		+
		+	=Deeds to Non-Existent Grantees=
		+	A deed that purports to convey real estate to a nonexistent entity has no effect. Lester Assocs. v. Com., 816 A.2d 394 (Pa. Commw. Ct. 2003) (LLC); Borough of Elizabeth v. Aim Sher Corp., 316 Pa. Super. 97, 462 A.2d 811 (Pa. 1983) (Corporation)

@@ Line 80: / Line 80: @@
 However, some deeds may contain language where the grantee holds property "in trust" for certain beneficiaries until death, but the grantee/trustee retains certain rights, such as the ability to sell and/or mortgage the property, without joinder of the beneficiaries. Often the grantor and grantee/trustee will be the same person. Such deeds and language should be examined carefully, and do not always rely on or incorporate a separate Trust-creating document. Further, such deeds would not avoid '''[[Inheritance Taxes in Pennsylvania|inheritance taxes]]''' when the grantee/trustee dies.
-=Transfer on Death Deeds=
+=Transfer on Death Deeds (Beneficiary Deeds)=
 Transfer on death deeds do not appear to be authorized in Pennsylvania.

← Older revision		Revision as of 16:24, 4 May 2023
Line 74:		Line 74:
	\| A non-titled spouse is normally not required to sign any deed. In the event of a pending divorce between the titled and non-titled spouse, the non-titled spouse must join in the conveyance to waive any claim to the potential equity in the property.		\| A non-titled spouse is normally not required to sign any deed. In the event of a pending divorce between the titled and non-titled spouse, the non-titled spouse must join in the conveyance to waive any claim to the potential equity in the property.
	\|}		\|}
		+
		+	=Ladybird Deeds=
		+	Ladybird deeds do not appear to be in use in Pennsylvania as such.<br>
		+	<br>
		+	However, some deeds may contain language where the grantee holds property "in trust" for certain beneficiaries until death, but the grantee/trustee retains certain rights, such as the ability to sell and/or mortgage the property, without joinder of the beneficiaries. Often the grantor and grantee/trustee will be the same person. Such deeds and language should be examined carefully, and do not always rely on or incorporate a separate Trust-creating document. Further, such deeds would not avoid '''[[Inheritance Taxes in Pennsylvania\|inheritance taxes]]''' when the grantee/trustee dies.
		+
		+	=Transfer on Death Deeds=
		+	Transfer on death deeds do not appear to be authorized in Pennsylvania.

@@ Line 21: / Line 21: @@
 | style="width: 25%;" valign="top"| Quit-Claim Deed
 | style="width: 25%;" valign="top"| Quit-Claim Deed
-| style="width: 25%;" valign="top"| (1) Railroad <br> (2) Utilities
+| style="width: 25%;" valign="top"| (1) Railroads <br> (2) Utilities <br> (2) Estoppels
 | style="width: 25%;" valign="top"| Common Law
 |-

@@ Line 41: / Line 41: @@
 {| class="wikitable" valign="top"
 |-
-|style="width: 15%;" rowspan="2" valign="top"|Witness
+|style="width: 15%;" rowspan="2" valign="top"|Witnesses
 |style="width: 20%;"| Grantor
 | Not required, but blanks for witness are customarily included in most deeds.

@@ Line 73: / Line 73: @@
 |valign="top"| '''Equitable Distribution'''
 | A non-titled spouse is normally not required to sign any deed.  In the event of a pending divorce between the titled and non-titled spouse, the non-titled spouse must join in the conveyance to waive any claim to the potential equity in the property.
 |}

@@ Line 87: / Line 87: @@
 | style="width: 25%;" valign="top"| '''General Warranty Deed'''
 | style="width: 25%;" valign="top"| '''General Warranty Deed'''
-| style="width: 25%;" valign="top"| '''?'''
+| style="width: 25%;" valign="top"| [rarely used]
-| style="width: 25%;" valign="top"| '''?'''
+| style="width: 25%;" valign="top"| [rarely used]
 |-
 | style="width: 25%;" valign="top"| Special Warranty Deed
-| style="width: 25%;" valign="top"| Special Warranty Deed (Most Often used)
+| style="width: 25%;" valign="top"| Special Warranty Deed
-| style="width: 25%;" valign="top"|
+| style="width: 25%;" valign="top"| Most common for all types of transfers
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| Common Law and Statutory forms exist
 |-
 | style="width: 25%;" valign="top"| Fiduciary Warranty Deed
 | style="width: 25%;" valign="top"| Executor's Deed <br> Administrator's Deed
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| Used for conveyances by personal representatives.
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| Common Law and Statutory forms exist.
 |-
 | style="width: 25%;" valign="top"| Bargain and Sale Deed
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| N/A
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| N/A
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| N/A
 |-
 | style="width: 25%;" valign="top"| Quit-Claim Deed
 | style="width: 25%;" valign="top"| Quit Claim Deed (Rare)
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| Used as an estoppel and for specialty transactions.
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| Common Law and Statutory forms exist.
 |-
 | style="width: 25%;" valign="top"| Foreclosure Deed
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| Deed Poll
-| style="width: 25%;" valign="top"| Mortgage
+| style="width: 25%;" valign="top"| Mortgage and Tax Foreclosures
-| style="width: 25%;" valign="top"| ?
+| style="width: 25%;" valign="top"| Common Law
 |}