Fill and Sign the Ny Life Estate Form

© 2016 - U.S. Legal Forms, Inc.       NEW YORK ENHANCED LIFE ESTATE WARRANTY DEED [Individual to Two Individuals] Control Number: NY-02-82 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 WITH RETAINED ENHANCED LIFE ESTATE [Individual to Two Individuals] THIS DEED , made the ______ day of __________________ , 20 ______ BY AND BETWEEN: GRANTOR: Name:       Mailing Address:       City, State, & Zip:       and GRANTEES: Name:       Mailing Address:       City, State, & Zip:       Name:       Mailing Address:       City, State, & Zip:       WITNESSETH , that Grantor, in consideration of Ten Dollars and other valuable consideration paid by the Grantees, does hereby grant and release unto the Grantees and Grantee’s successors and assigns of the Grantees forever, ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being more particularly described as: Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Warranty Deed Page 1 of 3 SUBJECT TO THE FOLLOWING RESERVATIONS AND EXCEPTIONS TO COVEYANCE AND WARRANTY: 1. Current taxes, assessments, reservations in patents and all easements, rights of way, encumbrances, liens, covenants, conditions and restrictions as may appear of record. 2. Grantor reserve unto himself , for and during his lifetime, the exclusive possession, use, enjoyment, and right of income of the property described herein. 3. Grantor further reserves unto himself , for and during his lifetimes, the right to sell, lease, encumber by mortgage, pledge, lien, or otherwise manage and dispose, in whole or in part, or grant any interest therein, of the property described herein premises, by gift, sale, or otherwise so as to terminate the interests of the GRANTEES, as GRANTOR in his sole discretion shall decide, except to dispose of said property, if any, by devise upon his death. 4. Grantor further reserves the right to cancel this deed by further conveyance, even to GRANTOR, which may destroy any and all rights which the GRANTEES may possess under this deed. 5. Grantees shall hold a remainder interest in the property described herein and upon the death of the GRANTOR, if the property described herein has not been previously disposed of prior to GRANTOR’S death, all right and title to the property remaining shall fully vest in GRANTEES as sole owners subject to such liens and encumbrances existing at that time. 6. If either Grantee fails to survive the Grantor: a. the heirs of deceased Grantee shall take in Grantee’s place; or b. the transfer to the deceased Grantee is null and void. 7. If both Grantees fail to survive Grantor: a. the heirs of deceased Grantees shall take in Grantee’s place; or b. the transfer to the deceased Grantees is null and void. The Grantor does hereby covenant with the Grantees that the Grantor is seised of the property herein described in fee simple; that said property is free and clear of and from all liens and encumbrances, except for the lien of real property taxes not yet by law required to be paid, and except as may herein specifically be set forth; that the Grantor has good right to sell and convey said property, as aforesaid; and, that the Grantor will WARRANT AND DEFEND the same unto the Grantees against the lawful claims and demands of all persons, except as aforesaid. Grantor , in compliance with Section 13 of the Lien Law, covenants that Grantor will receive the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to Warranty Deed Page 2 of 3 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. IN WITNESS WHEREOF , said Grantor has executed this deed on this the ______ day of __________________ , 20 ______ . Signature       Type or Print Name CERTIFICATE OF ACKNOWLEDGMENT Individual Capacity Within 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 the that he 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 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 the that he 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 acknowledgement was taken). Signature and Office of Person Taking Acknowledgement Warranty Deed Page 3 of 3 EXHIBIT A Grantor:       Grantees:             Legal Description:       Warranty Deed Exhibit A