New York Deed to Fund Revocable Living Trust

New York Deed to Fund Revocable Living Trust — What This Package Is For

Use this deed when an individual owner is transferring deeded New York real property into the owner's revocable living trust.

This product funds a trust by conveying property into it. It is different from a trustee's deed, which is used when a trustee conveys property out of, or from, an existing trust.

What You Receive

• Editable deed form: Deed-to-Fund-Revocable-Living-Trust-NY.docx, a Microsoft Word document prepared for customer completion and recording after appropriate review.
• Separate instructions and recording checklist: Deed-to-Fund-Revocable-Living-Trust-NY-Instructions.docx, a Microsoft Word checklist covering completion, signing, acknowledgment, recording, transfer forms, and stop-condition issues. The instructions are separate so they are not accidentally recorded as part of the deed.

Key New York Signing and Recording Points

• New York deeds are recorded with the County Clerk in the county where the land is located. In Manhattan, Bronx, Brooklyn, and Queens, recording is handled through the City Register / ACRIS system; Staten Island (Richmond County) records deeds with the Richmond County Clerk.
• A recordable deed generally needs an acknowledged grantor or transferor signature, a complete legal description attached as Exhibit A, a tax map / SBL or local parcel identifier where required, and legible black text suitable for optical imaging.
• Most present-transfer deeds require an online RP-5217 or RP-5217NYC transfer report and a TP-584 or TP-584-NYC transfer-tax return. Transfer-tax, exemption, nonresident withholding, LLC disclosure, mansion-tax, and local recording requirements are transaction-specific.
• New York does not treat co-op shares and proprietary leases as ordinary deeded real property. Use professional review for co-op, lender, title-insurance, fiduciary, probate, divorce, bankruptcy, capacity, tax, Medicaid, trust, entity, or disputed-title facts.

Common Uses

• revocable living trust funding after the trust has already been created
• estate-planning transfers where the owner and counsel intend a present deed into trust
• transactions where lender, title, tax, homestead/spousal, and trust-capacity issues have been reviewed

When to Stop Before Using This Form

Do not use this form to create a trust, transfer co-op shares, convey out of a trust, avoid lender consent, solve Medicaid/tax issues, or transfer property where trust name, trustee identity, or title facts are uncertain.