This form is a Warranty Deed where the grantors are husband and wife and the grantees are husband and wife. Grantors convey and warrant the described property to grantees subject to a life estate in an individual. This deed complies with all state statutory laws.
A Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate is a legal document that transfers the ownership of a property located in Queens, New York, from a married couple to the same couple, but with a specific condition known as a life estate. The term "Warranty Deed" implies that the transfer of ownership is made with certain guarantees by the granter (transferor). This means that the granter ensures they have the full legal right to transfer the property and promises to defend the title against any claims that may arise in the future. In this particular type of Queens New York Warranty Deed, the granter (husband and wife) transfer the property to themselves as grantees (husband and wife), but with the addition of a life estate. A "Life Estate" grants the granter(s) the right to live in or use the property until their death(s). Once the life estate ends, full ownership of the property automatically transfers to the remainder man(s), who are also the grantees (husband and wife). The remainder man(s) would have the right to take full possession and control over the property upon the death(s) of the granter(s). Different variations of the Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate may include: 1. Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate with Remainder to an Individual: Instead of transferring the property to themselves as grantees, the granter(s) may choose to transfer the property subject to a life estate with the remainder going to an individual (e.g., a child or relative). 2. Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate with Remainder to Multiple Individuals: Similar to the above, the granter(s) can transfer the property subject to a life estate but with the remainder going to multiple individuals, such as their children or grandchildren. 3. Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate with Remainder to an Organization or Charity: Instead of designating individuals as the remainder men, the granter(s) may decide to transfer the property subject to a life estate with the remainder going to an organization or charity of their choice. It is essential to consult with a qualified attorney or real estate professional when preparing and executing a Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate, as the legal requirements and implications can be complex.A Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate is a legal document that transfers the ownership of a property located in Queens, New York, from a married couple to the same couple, but with a specific condition known as a life estate. The term "Warranty Deed" implies that the transfer of ownership is made with certain guarantees by the granter (transferor). This means that the granter ensures they have the full legal right to transfer the property and promises to defend the title against any claims that may arise in the future. In this particular type of Queens New York Warranty Deed, the granter (husband and wife) transfer the property to themselves as grantees (husband and wife), but with the addition of a life estate. A "Life Estate" grants the granter(s) the right to live in or use the property until their death(s). Once the life estate ends, full ownership of the property automatically transfers to the remainder man(s), who are also the grantees (husband and wife). The remainder man(s) would have the right to take full possession and control over the property upon the death(s) of the granter(s). Different variations of the Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate may include: 1. Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate with Remainder to an Individual: Instead of transferring the property to themselves as grantees, the granter(s) may choose to transfer the property subject to a life estate with the remainder going to an individual (e.g., a child or relative). 2. Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate with Remainder to Multiple Individuals: Similar to the above, the granter(s) can transfer the property subject to a life estate but with the remainder going to multiple individuals, such as their children or grandchildren. 3. Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate with Remainder to an Organization or Charity: Instead of designating individuals as the remainder men, the granter(s) may decide to transfer the property subject to a life estate with the remainder going to an organization or charity of their choice. It is essential to consult with a qualified attorney or real estate professional when preparing and executing a Queens New York Warranty Deed from Husband and Wife to Husband and Wife Subject to a Life Estate, as the legal requirements and implications can be complex.
