Can the grantee be the same person as the trustee?

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:

I'm unable to answer this without more information. Generally, in order to transfer to a trustee, the deed to need to indicate the person's capacity as trustee.

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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.