I need help. Here’s the deal. I have 4 properties from one “owner” but I’m a confused on the deed/title. The deed is titled “Trust Transfer Deed” but underneath that it says Grant Deed.
Later it says,
This is a Trust Transfer under section 62 of the Revenue and Taxation code and Grantor(s) has (have) checked the applicable exclusion:
X Transfer to a revocable trust.
Grantors: Augustus Smith and Cornelia Smith, husband and wife, as to an undivided one-half interest;
Grantees: Augustus Smith and Cornelia Smith, Trustees of the Smith Family Trust dated June 21, 1997, as to an undivided one-half interest; and Chester Smith, a single man, as to an undivided one-half interest, all as tenants in common.
***Augustus Smith is deceased. Chester is Augustus’ brother.
Help! Is this too complicated? Properties are 5.0 acres, 4.9 acres, 5.3 acres, and 5.0 acres, all adjoining, for $2k total.
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