Aristocrat Title Glossary of Terms

This glossary is provided by Aristocrat Title to help consumers and REALTORS® better understand the closing process. For questions specific to your transaction, reach out to our team anytime.

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Term Definition
Indiana vs. Kentucky Deed Nuances

Indiana

  • Warranty Deed is most common for residential sales.

  • Quitclaim Deeds are frequently used for estate transfers, divorces, and title corrections.

  • Transfer on Death (TOD) Deeds are widely used to avoid probate.

  • Indiana recognizes Special Commissioner’s Deeds in court‑ordered transfers.

  • Indiana Good Funds Law requires:

    • Wire transfer for funds over $10,000

    • Cashier’s check allowed only below $10,000

Kentucky

  • General Warranty Deeds are the standard for residential transactions.

  • Master Commissioner’s Deed used in judicial sales.

  • Quitclaim Deeds used similarly to Indiana, but more scrutiny from lenders is common.

  • Kentucky does not use TOD deeds the same way; estate planning often uses trusts or wills instead.