Fill and Sign the Alabama Warranty Deed for Parents to Child with Reservation of Life Estate Form

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF ALABAMA WARRANTY DEED [Parent(s) to Child with reserved Life Estate] Control Number – AL - SDEED - 2 NOTES ON COMPLETING THESE FORMS The form(s) in this p acket contain “form fields” created using Microsoft Word. “Form fields” facilitate completion of the forms using your computer. They do not limit you ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the forms toolbar. Look for the button on the forms toolbar that resembles a “shaded letter “a”. Click in this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances the form field and the line will disappear after information is entered. In other cases it will not. 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Warranty Deed Page 1 of 3 Prepared By and After Recording Return to: Send Tax Statements to Grantee (Name and Address): --------Above This Line Reserved For Official Use Only -------- WARRANTY DEED (Reserved Life Estate) KNOW ALL MEN BY THESE PRESENTS THAT: FOR VALUABLE CONSIDERATION OF TEN DOLLARS ($10.00), and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereb y acknowledged, ________________________ and ________________________, Husband and Wife, hereinafter referred to as “Grantors”, do hereby grant, bargain, sell, and convey unto ________________________ , an individual, hereinafter “Grantee”, whether one or more, the following lands and property, together with all improvements located thereon, lying in the County of ____________ , City of __________________, State of Alabama, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: Warranty Deed Page 2 of 3 SUBJECT to Life Estates retained by ____________________________________ and ____________________________________ , Grantors, to run consecutively. It being the int ention of the Grantors that the ending of one Life Estate shall in no way affect the remaining Life Estate. LESS AND EXCEPT all oil, gas and minerals, on and u nder the above described property owned by Grantor(s), if any, which are reserved by Grantor(s). SUBJECT to all easements, rights- of-way, protective covenants and mineral reservations of record, if any. The property herein conveyed is not a part of the homestead of Grantor(s), or is part of the homestead of Grantor(s) and the conveyance i s joined by both Husband and Wife. WITNESS Grantor(s) hand(s) this the ______ day of ____________, 20______ . (1 st Grantor’s Signature) (2nd Grantor’s Signature) Print Name Print Name THE STATE OF ALABAMA ________________________ COUNTY I, a Notary Public, hereby certify that ____________________________________ whose name is signed to the foregoing instrument or conveyance, and who is known to me, acknowledged before me on this day that, being informed of the contents of the conveyance, he/she/they executed the same voluntarily on the day the same bears date. Given under my hand this ______ day of __________________, A. D. 20______. Notary Public Type or Print Name My commission expires: Warranty Deed Page 3 of 3 THE STATE OF ALABAMA ________________________ COUNTY I, a Notary Public, hereby certify that ____________________________________ whose name is signed to the foregoing instrument or conveyance, and who is known to me, acknowledged before me on this day that, being informed of the contents of the conveyance, he/she/they executed the same voluntarily on the day the same bears date. Given under my hand this ______ day of __________________, A. D. 20______. Notary Public Type or Print Name My commission expires: Grantor(s) Name, Address and phone: Grantee(s) Name, Address and Phone: Warranty Deed Exhibit A EXHIBIT A