What type of instrument grants a trustee full power to manage a parcel of real estate under a land trust?

A deed in trust serves as a critical instrument in real estate, especially within the context of establishing a land trust. This type of document effectively transfers the title of a property into a trust, thereby designating a trustee who is given the authority to manage the property on behalf of the beneficiaries.

When a land trust is established through a deed in trust, the trustee gains the full power to make decisions regarding the management, operation, and even sale of the property, based on the terms outlined in the trust agreement. This structure offers privacy and flexibility for the property owner while ensuring that the trustee can carry out the associated responsibilities effectively.

The other options do not grant the trustee the same comprehensive authority over the property. A power of sale typically refers to a clause found in a mortgage or deed of trust which allows the lender to sell the property in the event of default, rather than granting management powers to a trustee. A trust agreement outlines the stipulations and guidelines for the trustee's actions and the beneficiaries' interests, but it does not transfer the title of the property itself. Lastly, a warranty deed is primarily a tool for transferring ownership and guaranteeing the title's clear ownership from the seller to the buyer, rather than serving as a framework for trust management. Therefore