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.
Life Estate Deed
Category:
State:
Oregon
Control #:
OR-033-78
Format:
Word;
PDF;
Rich Text
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Description
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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 California life estate allows a person to live in a home until they pass away.Then the real property passes to the intended beneficiary. A life estate deed is a special deed form that allows a property owner to use the property during life and transfer the property automatically at death. A life estate deed is a legal instrument that divides property ownership into two phases. Termination is a change. A Florida Enhanced Life Estate Deed can avoid probate for your real property, speed up the transfer of a property to loved ones upon your death. A life estate deed splits a property's fee simple interest into a life estate and the remainder. The transferor retains the life estate in the property. A life estate deed is a legal instrument that divides property ownership into two phases.