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Choosing the correct form of a deed and correctly drafting it is of utmost importance when transferring real estate in Missouri.
How do I sign a deed in Missouri?
In Missouri, the Grantor (the person transferring the real estate) and a registered Notary Public must sign a deed to transfer a piece of real estate. Some counties also require the Grantee (the person receiving the real estate) to sign.
Once all the appropriate parties sign the deed, their attorney sends it to the Recorder of Deeds for the county where the property lies. The Recorder of Deeds then records the deed in the county records and sends a stamped version back.
In addition to the above-described process, most counties require a Certificate of Value to accompany the deed when submitted.
Do I need a lawyer to create a deed?
Technically, no. However, improperly transferred real estate can cause costly problems down the road.
Deeds require a great deal of technical detail, making it easy to create an error.
Most attorneys charge a relatively modest fee to transfer real estate. Thus, it is highly advisable to have an attorney prepare and submit your deed.
How does a business give or receive real estate using a deed?
A business can give or receive real estate like an individual. However, typically the business would be listed as the Grantor/Grantee, with the company’s owners signing explicitly in their capacity as owners.
How does a Trust give or receive real estate using a deed?
A Trust can give or receive real estate similarly, as well. With a Trust, the Trust would be the Grantor or Grantee, and the Trustee would sign explicitly in their capacity.