Fill and Sign the How Does a Person with a Life Estate Get Title to Property Form

© 2016 - U.S. Legal Forms, Inc. NEW YORK WARRANTY DEED [Life Estate from Individual to Individual] Control Number: NY-031-78 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your 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 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 WARRANTY DEED [Life Estate] THIS DEED , made the ______ day of __________________, 20______ BY AND BETWEEN: ______________________________ , Grantor and ______________________________, Grantee WITNESSETH , that the Grantor, in consideration of Ten Dollars and other valuable consideration paid by the Grantee, does hereby grant and release unto the Grantee, A LIFE ESTATE , including the right to use and occupy the same and collect rents or other income thereon so long as Grantee shall live, in that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being more particularly described as: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: The Grantor, in compliance with Section 13 of the Lien Law, covenants that the Grantor will receive the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose. The Grantor further covenants as follows: that said Grantor is seized of the said premises in fee simple, and has good right to convey this interest; that the Grantee shall quietly enjoy the said premises for the term specified; and that the Grantor will execute or procure any further necessary assurance of the title to said premises. Warranty Deed Page 2 of 3 The word “party” shall be construed as if it read “parties” whenever the sense of this indenture so requires. IN WITNESS WHEREOF , the Grantor has duly executed this deed the day and year first above written. __________________________________ Grantor Type/Print Name: CERTIFICATE OF ACKNOWLEDGMENT Individual Capacity within the State of New York for Real Property State of New York ) ) ss.: County of ) On the day of in the year before me, the undersigned, personally appeared , personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. Signature and Office of Person Taking Acknowledgement Type/Print Name: Warranty Deed Page 3 of 3 Individual Capacity Outside the State of New York for Real Property State of ____________ ) ) ss.: County of ) On the day of in the year before me, the undersigned, personally appeared , personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument and that such individual made such appearance before the undersigned in the    (insert the city or other political subdivision and the State or country or other place the acknowledgment was taken). Signature and Office of Person Taking Acknowledgement Type/Print Name: Warranty Deed Exhibit A EXHIBIT A