Can a trustee also be the grantee in a deed transfer?

Full question:

The deed is sold to the grantee. Can the person be the same as the trustee?

  • Category: Real Property
  • Subcategory: Deeds
  • Date:
  • State: New Jersey

Answer:

To transfer a deed to a trustee, the deed must specify the person's capacity as trustee. This means that the same individual can be both the grantee and the trustee, provided their role as trustee is clearly indicated in the deed.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

No, a grantee and a trustee are not the same. A grantee is the person who receives property through a deed, while a trustee is someone who holds property on behalf of another person or for a specific purpose. However, the same individual can serve as both a grantee and a trustee if their roles are clearly defined in the deed.