Warranty Deed at Legal Glossary

What is it? A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

Law Definition Added By: Marissa

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Law Terms trustor is See grantor.

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Law Terms reformation is The act of changing a written contract when one of the parties can prove that the actual agreement was different than whats written down. The changes are usually made by a court when both parties overlooked a mistake in the document, or when one party has deceived the other.

Law Terms residuary beneficiary is A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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