When you purchase a property, the conveyance deed is one of the documents that you’ll sign. Not only is it unwise to ignore such an important document, but doing so could also have serious legal consequences.Ī conveyance deed is a legal document that transfers property ownership from one person to another. If you’re thinking of ignoring a this deed, think again. The dangers of ignoring a conveyance deed If you don’t have one, create one soon.Īlso Read: WHAT IS SALE DEED IN REAL ESTATE? This ensures that your property is transferred according to your wishes no matter where you live at the time of your death.Ī conveyance deed is an important document that every property owner should have in place. If you have real estate in more than one state, you should have a separate conveyance deed for each state. Probate can be expensive and time-consuming, so it’s best to avoid it if possible. If you die without a will or a conveyance deed, your property will go through probate, a court-supervised process for distributing your assets. Without a conveyance deed, your property will be distributed according to state intestacy laws, which may not be what you want. A conveyance deed is just as important as a will because it ensures that your property is transferred to your heirs according to your wishes. While most people understand the importance of having a will to protect their assets after they die, many need to be made aware of the need for a conveyance deed. The deed must be signed by the grantor (the person transferring the property) and notarized to be valid. Our Builder Representative Will Contact You Shortly Back to Home What is conveyance deed?Ī conveyance deed is a document that transfers the ownership of real property from one person to another.
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