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January 31, 2019

Deed in Trust

Word of the day

Deed in Trust

A form of deed by which real estate is conveyed to a trustee, usually to establish a land trust. Under the terms of such an instrument, full powers to sell, to contract to sell, to mortgage, and to subdivide are granted to the trustee. The trustee’s use of these powers, however, is controlled by the beneficiary under the provisions of the trust agreement. Deeds in trust are used in those states that recognize land trusts.

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