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Title deeds prove ownership of property and are used in sales, transfers, and probate proceedings. They can be used to trace ownership history and should be kept secure. Documents must be original and contain official seals and witness signatures to be recognized as evidence.
A title deed is a document that proves that someone owns a piece of property. Freehold assets are commonly used in sales, transfers, and probate proceedings to demonstrate that the person from whom ownership is being transferred owns it and has the legal right to transfer it. Once the property has been transferred, the person who owns the property will have title deeds proving that she owns the property. These documents can also be used to trace the ownership history of a given piece of property for the purpose of demonstrating a clear chain of ownership in order to answer conflicting claims.
A simple example of a title deed is something like a stock certificate or title deed. The person who holds this document can use the document to prove that he legally owns the property described in the document. A car title is another example. When someone transfers ownership, a change of ownership can be recorded and a new document can be generated proving the identity of the rightful owner so that the new owner has title to the property.
One case in which title to property may arise is inheritance law. When someone dies with no outstanding debts and the will is simple, the will itself can be entered as title deed during probate proceedings. The wishes expressed in the will stipulating how the property should be divided can be used to prove ownership of said property, allowing the will to go through the probate quickly.
Written proof of ownership of the asset can take many forms. It is recommended that all records relating to an asset be kept, in case of a dispute or future transfer. Even if people think such an event is unlikely, having the proper documentation in order will help the process go smoothly and quickly. Those documents should also be carefully secured in a place like a safety deposit box, and it’s a good idea to keep copies of them as well. This ensures that documents cannot be lost or stolen.
To serve as evidence, a document usually has to be an original, not a copy. It should contain official seals and witness signatures documenting that the document was legally filed and recognized.
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