What is a trust deed?

A trust deed is a legal document that is used to transfer a property from one person to a trustee who holds it on behalf of another person. In New Mexico, a trust deed is usually used to hold real estate in trust for someone else. The trust deed serves as a deed of trust and sets out the terms and conditions of the trust. The trust deed is signed by the grantor (the person transferring the property) and by the trustee, who is legally responsible for holding the property in trust for the grantee and managing it in accordance with the trust’s terms. The grantee, or beneficiary of the trust, is the person who will eventually receive the property when the trust has been fulfilled. A trust deed will generally include the names of the grantor and trustee, a description of the property to be held in trust, the terms of the trust, and how the trust should be administered. The trust deed is then recorded with the county clerk and serves as public notice of the trust. When the trust has been fulfilled, the trustee is required to record a notice of completion with the county clerk, and the property is transferred to the grantee.

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