Deed for Life Estate
(This is a deed granting the right to use property for the term of their life. Used often for estate planning or probate purposes.)
WARRANTY DEED GRANT OF LIFE ESTATE
[NAME], referred to as GRANTOR, whose address is _________________, herewith sells, bargains, and conveys to [NAME], GRANTEE, who address is ______________, all of the following described real property, located in the State of __________, County of ____________.
SEE ATTACHED EXHIBIT A
for the term of the GRANTEE's natural life.
This conveyance shall be subject to that certain MORTGAGE dated ___________, 20 __, payable to ___________________, in the original principal amount of $ (dollars).
This conveyance shall be subject to:
GRANTOR shall defend the life estate herein granted against any claims, except property taxes for the present year, and any restrictive covenants of record. This conveyance is made with any applicable statutory warranty covenants of the state of _________.
Witness my hand and seal on ________________________.
Witnesses as to the signature of GRANTOR:
Sworn to and subscribed before me by GRANTOR, who acknowledged execution of this instrument for the purposes set forth herein.