Las Vegas Real Estate Attorneys discuss how to eliminate a second trust deed:
Considering a deed transfer of property?
When considering a deed transfer of property to a trust or the trust's trustee(s) in Las Vegas, it is pertinent to address the question at hand. The transfer of property from individuals such as John and Mary Doe to a trust, such as the Doe Family Trust, raises the query of whether the property should be transferred directly to the trust or to the trust's trustee(s).
Traditionally, the older approach involved transferring the property to the trust's trustee(s). However, it is important to note that in Clark County, Nevada, a preference has emerged for the property to be transferred directly to the trust itself, rather than to the individual trustees. This distinction signifies a shift in the standard practice.
While either method of transfer may be acceptable, Clark County's preference for the direct transfer to the trust suggests it as the recommended option. This preference indicates a growing recognition and acceptance of the direct transfer approach.
Therefore, it is advisable to consider this preference when deciding how to transfer property to a trust or the trust's trustee(s) in Las Vegas.
Common questions:
Where can I find the legal description and owner of real estate in Las Vegas?
To find the legal description and owner of real estate in Las Vegas, you can utilize the resources available on each county's website.
Generally, these websites offer access to the legal description and ownership information for any parcel of real estate within the county, with the exception of timeshares.
For instance, if you are searching for information on Clark County real estate, you can conveniently navigate to the Clark County Assessor page online.
These type of services are typically provided free of charge.
On this website, you will find a search option where you can input either the owner's name or the address of the property you are interested in. The search results will provide you with the legal description and owner details you seek.
By utilizing the Las Vegas websites, it becomes a relatively simple task to obtain information regarding the legal description and ownership of real estate properties, excluding timeshares.
Does those in Las Vegas return the original recorded document?
In Las Vegas, while it is a common practice for counties to scan the to-be-recorded documents and provide the original back to the requester, it should be noted that not all counties follow this procedure uniformly.
What are the recording fees for deeds in Las Vegas?
The recording fees for deeds in Las Vegas vary slightly between different counties but are generally equivalent or very close to the fee in Clark County, which is $42. It is important to note that these fees do not include any additional real estate transfer tax that may or may not apply.
To learn more, visit Las Vegas Real Estate Attorneys or call 800-233-8521 for a free consultation.