Fill and Sign the Life Estate Deed 497325066 Form

© 2016 - U.S. Legal Forms, Inc.       RHODE ISLAND ENHANCED LIFE ESTATE WARRANTY DEED [LADY BIRD DEED] [Two Individuals / Husband and Wife to Two Individuals / Husband and Wife] Control Number: RI-04-83 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. The form was created to function in this manner. II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Rhode Island, real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship ( JTWROS) : is a type of concurrent estate in which co-owners have a right of survivorship , meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common or Joint Tenants with Right of Survivorship. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “as Tenants in Common ,” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Rhode Island. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS INSTRUMENT PREPARED BY: NAME       ADDR.             AFTER RECORDING, RETURN TO: NAME       ADDR.             Space above for Recording ENHANCED LIFE ESTATE DEED [Two Individuals / Husband and Wife to Two Individuals / Husband and Wife] This Indenture , made the       day of       , 20       by GRANTORS :       , whose address is       , and       , whose address is       , individuals and GRANTEES:       , whose address is       and       , whose address is       , individuals . WITNESS: That the GRANTORS, for and in consideration of Ten Dollars and other valuable consideration, do hereby grant, bargain, sell, remise, release and convey unto the GRANTEES, Enhanced Life Estate Deed Page 1 of 3 as joint tenants with the right of survivorship , subject to retained life estates in Grantors described further in the Reservations and Limitations to Conveyance and Warranty set forth below , the following described land, situate, lying and being in       County, Florida, to wit: See Exhibit A attached hereto and incorporated by reference as though set forth in full Legal Description:       RESERVATIONS AND LIMITATIONS TO CONVEYANCE AND WARRANTY: 1. It is the intention of the Grantors to create, in each of them, an Enhanced Life Estate reserving and preserving to the Grantors a life estate, for the term of his or her life, without any liability for waste and with full power and authority in said life tenants to sell, convey, mortgage, lease or otherwise encumber the described property. 2. The Grantors, and each of them, also reserves the right to cancel this conveyance and reconvey the property described , or otherwise manage and dispose of the property described during the Grantor’s lifetimes, in whole or in part, in fee simple, with or without consideration, without joinder of any remainderman , and with full power and authority to retain exclusively any and all proceeds generated thereby without liability for claims or debts of the remainderman. 3. Upon the death of the last Life Tenant , the remainder, if any, will then be granted to the following Remaindermen in Equal Shares:       and       , “ Grantees” . SURVIVORSHIP OF GRANTEES: 1. If one Remainderman fails to survive the Grantors, that Grantee's share shall: Pass to the surviving Grantee; or Pass to that Grantee's estate. 2. If both Grantees fail to survive Grantors, This deed shall be null and void; or The interest of the Grantees shall pass to their estates. Other:       Enhanced Life Estate Deed Page 2 of 3 WARRANTY: GRANTORS, bind GRANTORS, and each of them, and GRANTOR’S heirs and successors, to warrant and forever defend all and singular the property to GRANTEES and GRANTEE’S heirs, successors, and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the Reservations and Limitations to Conveyance and Warranty set forth above. PRIOR INSTRUMENT REFERENCE : Book       , Page       , Document No.       , of the Public Records of the Recording Office in the City of       , Rhode Island. EXECUTED this       day of       , 20       /// /// /// (1 st Grantor’s Signature) (2 nd Grantor’s Signature)             Print or Type Name Print or Type Name State of Rhode Island , County of __________________ In __________________ , in said County on the ______ day of __________________ , 20 ______ , before me personally appeared ____________________________________ , each and all to me known, and know by me to be the party(ies) executing the foregoing instrument; and ________________________ acknowledged said instrument, by him/her/they executed, to be his/her/their free act and deed. Notary Public       Type or Print Name My Commission expires:       State of Rhode Island , County of __________________ In __________________ , in said County on the ______ day of __________________ , 20 ______ , before me personally appeared ____________________________________ , each and all to me known, and know by me to be the party(ies) executing the foregoing instrument; and ________________________ acknowledged said instrument, by him/her/they executed, to be his/her/their free act and deed. Enhanced Life Estate Deed Page 3 of 3 Notary Public       Type or Print Name My Commission expires:       Enhanced Life Estate Deed Page 4 of 3 EXHIBIT A Grantors:             Grantees:             Legal Description:       Enhanced Life Estate Deed Exhibit A