"X Smith, Trustee of the Z Doe Trust , as to an undivided 50,0000% interest, and X Smith and Y Smith, Husband and Wife as Joint Tenants, as to an undivided 50,0000% interest, all as Tenants In Common''.
Now, I am married to Z. Doe. We both live as husband and wife in the condo. The Smiths live uptown in a townhouse. Is the title, "as is" legal or correctly-recorded ?
Without more information, it looks legal to me. The Z Doe Trust own half the property and X and Y Smith own the other half as joint tenants as to their interest. There is not enough information to determine what rights you have under the Z Doe Trust, if any.
Adding to Mr. Firth's answer. X Smith and Y Smith control the condominium.
They could sell it, it could be destroyed by earthquake or fire, or taken by eminent domain. However, the Z doe trust SHOULD require the trustees to use Z trust assets to provide a place for Z doe to live. Someone needs to read the trust carefully to see if that is true.
The other question is what happens if you survive Z Doe? Again, you need to read the trust carefully. But, it is unlikely that it provides for the surviving spouse of Z Doe.
When the person gives you money, the person has an attorney and the attorney has a client, but not until then. Inspired by words of Abraham Lincoln
If the vesting really does state "50,0000%" each, then that is a problem because it is impossible to own more than a 100% interest. Yes, they probably meant 50% each, but that is not what is written in the deed. The deed needs to be reformed judicially or corrected by a corrective deed signed and notarized by the grantor to correct this error.
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