Life Estate For House

State:
Oregon
Control #:
OR-033-78
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

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.

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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 is a type of joint ownership that allows someone to live in their home during their lifetime and transfer it to a beneficiary upon their death. You need to locate the place where deeds are recorded in town or city where the property is located, typically at a county recorders office. 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. In a life estate, the individual granted the right to live in the property typically also has the authority to rent it out. A life estate is a type of joint property ownership. Usually the grantor makes one Deed conveying life estate(s) to someone, then either conveys a remainder estate to someone or retains it himself. 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 document that grants real estate ownership to two or more parties according to two types of interest.

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Life Estate For House