I am the successor trustee for a living revocable trust and am seeking to follow the instructions of the trust with regard to a specific property.
The trust owns a partial interest in this property (a condo) that also belongs to an individual beneficiary. So both the deed shows both the trust and the individual own this property.
The terms of the trust state that the beneficiary is to receive the trust's portion of the property, upon the death of the surviving trustor. The intent is that the beneficiary should then be the sole owner of the property.
There are no notes or lenders associated with the deed.
Is there a special rendition of the [url=http://www.mortgagefit.com/quitclaim-deed.html]Quit Claim Deed[/url] need to accomplish this?
(for instance - this is an inheritance, so there is no consideration of value exchanged).