Pennsylvania REV-1514 Instructions -- Instructions for REV-1514 Schedule K — Life Estate, Annuity & Term Certain is a form used to report the transfer of a life estate, annuity, or term certain interest in Pennsylvania. It is used to report the transfer of such interests to an individual, trust, or other entity, or the termination of the interest. The form is filed with the appropriate Pennsylvania County Recorder of Deeds for recording. The form is divided into two parts: Part A, which is used to report the transfer of the life estate, annuity, or term certain interest; and Part B, which is used to report the termination of the interest. Part A: Part A requires the reporting of the granter’s name, address, and Social Security number, as well as the date of transfer and the county in which the transfer was made. Additionally, it requires reporting of the grantee’s name, address, and Social Security number. Details of the life estate, annuity, or term certain interest must also be reported, including the amount, term, and value of the interest. Part B: Part B requires the reporting of the granter’s name, address, and Social Security number, as well as the date of termination and the county in which the termination was made. The form also requires reporting of the original grantee’s name, address, and Social Security number. Details of the life estate, annuity, or term certain interest must also be reported, including the amount, term, and value of the interest.
Pennsylvania REV-1514 Instructions -- Instructions for REV-1514 Schedule K - Life Estate, Annuity & Term Certain
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