This form is a Life Estate Deed where the Grantor is an individual and the Grantee is an Individual. Grantor conveys and warrants the described life estate to the Grantee. This deed complies with all state statutory laws.
Estate For Life Real Estate
Category:
State:
Oregon
Control #:
OR-033-78
Format:
Word;
PDF;
Rich Text
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This article will outline the basics of creating a life estate, as well as the duties and rights of a life tenant. First, there must be clear evidence of an intention to create a life estate through a deed, will, or trust document.Emailed to you in about an hour. A life estate can help people pass the property on to the next generation without the property going through probate. Doing so can save heirs time and money. A Lady Bird deed is a type of real estate deed. It says who will inherit the property when the owner dies. A life estate is a legal way to own property with someone else and pass it on to them automatically when you die. A life estate deed is a legal document used in real estate to grant ownership of property to an individual for the duration of their life. A Life Estate is a legal tool that allows a property owner to create a type of joint ownership as a way to eventually pass on that piece of property.