Mckean County Trustee Deed Form

Additional Pennsylvania and Mckean County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Mckean County

Properties in any of these areas use Mckean County forms:

• Bradford
• Crosby
• Custer City
• Cyclone
• Derrick City
• Duke Center
• East Smethport
• Eldred
• Gifford
• Hazel Hurst
• Kane
• Lewis Run
• Ludlow
• Mount Jewett
• Port Allegany
• Rew
• Rixford
• Smethport
• Turtlepoint

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Title 20, Chapter 77 of the Pennsylvania Statutes governs trusts in the State of Pennsylvania.

A trust is a wealth management tool commonly used in estate planning. There are three main parties to a trust: the settlor, who funds the trust by conveying assets into it; the trustee, who administers the trust and controls its assets; and the beneficiary, who has a present or future interest in the trust (P.S. 7703). Note that a sole trustee cannot also be the sole beneficiary (P.S. 7732(a)(5)).

Under a trust, the acting trustee manages the trust as directed by the settlor. This arrangement works, in part, because the trustee holds what amounts to a proxy title to the trust's assets. If the trust contains real property that the settlor wishes to sell, the trustee executes and records a document called a trustee's deed to transfer the title to the grantee/buyer -- the settlor is not identified in the transaction.

In most cases, trustee's deeds are modified quitclaim or special warranty deeds. Quitclaim deeds contain no warranties of title, and special warranty deeds only offer the grantee protection against title claims originating while grantor controlled the property. Generally, a trustee uses a quitclaim deed if the settlor and grantee are close relatives (spouses, parent to child, etc.). A trustee of a living trust might also use a quitclaim deed to transfer property out of the trust and to himself as an individual. Third-party purchasers might require a special warranty deed in order to obtain a mortgage or title insurance.

Besides fulfilling the requirements for all instruments affecting real property in the State of Pennsylvania (tax parcel number, legal description, prior deed information, certificate of residence, and so on), the trustee's deed names the trustee as the grantor and gives the date and the name of the trust under which the trustee is acting. A certificate of trust is sometimes included to verify the trust's existence and the trustee's authority to act on behalf of the trust. As with other instruments, the deed must be signed and acknowledged in the presence of a notary, then recorded in the county where the property is situated.

Trust law can be thorny, and each situation is unique. Consult an attorney with specific questions or for complicated circumstances.

(Pennsylvania TD Package includes form, guidelines, and completed example)

Important: Your property must be located in Mckean County to use these forms. Documents should be recorded at the county recording office listed above.

This Trustee Deed meets all recording requirements specific to Mckean County.

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The documents you receive here are guaranteed to meet or exceed the applicable Mckean County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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