What is the term for a deed used to convey ownership interest to the trustee under a land trust?

The term for a deed used to convey ownership interest to the trustee under a land trust is a "Deed in trust." This deed facilitates the transfer of property ownership to a trustee, who manages the property on behalf of the beneficiaries. In a land trust, the trust typically holds the title to the property, while the beneficiaries retain certain rights to use and benefit from it.

Choosing "Deed in trust" emphasizes the role of the trustee in managing the property and the specific nature of the documentation that establishes the trust arrangement. This term is essential for understanding land trusts and their functioning within real estate and property law.

The other terms, while relevant in different contexts, do not accurately describe the deed specifically utilized to transfer ownership to a trustee. For instance, a "Deed of trust" usually pertains to securing a loan with real property, establishing a financial arrangement rather than focusing on the conveyance to a trustee within a land trust. Similarly, "Deed restrictions" refer to limitations placed on the property rather than the process of transferring ownership, and "Delivery and acceptance" concerns the formal process of transferring property rights but does not denote a specific type of deed used in land trusts.