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

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF IOWA WARRANTY DEED [Parent(s) to Child with Reservation of Life Estate] Control Number – IA - SDEED - 2 1 NOTE ABOUT COMPLETING THE FORMS The forms in this packet 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. If you do not see the gray shaded form fields, go 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. The forms are locked which means that the content of the forms cannot be changed. You can only fill in the information in the fields. If you need to make any changes in the body of the form, it is necessary for you “unlock” or “unprotect” the form. IF YOU INTEND TO MAKE CHANGES TO THE CONTENT, DO SO BEFORE YOU BEGIN TO FILL IN THE FIELDS. IF YOU UNLOCK THE DOCUMENT AFTER YOU HAVE BEGUN TO COMPLETE THE FIELDS, WHEN YOU RELOCK, ALL INFORMATION YOU ENTERED WILL BE LOST. To unlock click on “Tools” in the Menu bar and then selecting “unprotect document”. You may then be prompted to enter a password. If so, the password is “uslf”. That is uslf in lower case letters without the quotation marks . After you make the changes relock the document before you being to complete the fields. After any required changes and re-protecting the document, click on the first form field and enter the required information. You will be able to navigate through the document from form field to form field using your tab key. Tab to a form field and insert your data. If problems, please let us know. NOTES ON FILING THIS FORM 1. All conveyances of real estate must be accompanied by a Declaration of Value form, unless exempt pursuant to Chapter 428A of the Code of Iowa. In addition, all conveyances, including leases and subdivision plats require a Groundwater Hazard Statement. The Declaration of Value and instructions are available for download at: http://www.scottcountyiowa.com/recorder/forms.html The grantor must file a Groundwater Hazard Statement with the county clerk. This statement provides information to the buyer, and others, in regard to specific types of known hazards on the property. You may review the form at the following link: http://www.linncountyrecorder.com/Docs/realestatetransfer.pdf . 2. Statutory exemptions from transfer tax are in Iowa Code Chapter 428A.2 http://www.legis.state.ia.us/IACODE/2001SUPPLEMENT/428A/ 3. Do not use the legal description found on the tax statement. It is only an abbreviated description. You must use the entire legal description. This is best found on a prior deed or at the Recorder’s office. 3 DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Iowa. 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. 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. 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Prepared by:       Address tax statement to:       Exempt from Transfer Tax: Chapter 428A.2, Subsection ____________ WARRANTY DEED (Parent(s) to Child with Retained 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 hereby acknowledged, ________________________ and ________________________ , Husband and Wife, or ________________________ , Individual, hereinafter referred to as “Grantor”, whether one or more, do hereby convey, sell, bargain, and warrant unto ________________________ , an individual, hereinafter “Grantee”, the following lands and property, together with all improvements located thereon, lying in the County of __________________ , City of __________________ , State of Iowa, to-wit: INSERT DESCRIPTION OR ATTACH AS EXHIBIT SUBJECT to Life Estates retained by ______________________________ and ______________________________ , Grantors, to run consecutively. It being the intention of the Grantors that the ending of one Life Estate shall in no way affect the remaining Life Estate. 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 is joined by both Husband and Wife. WITNESS Grantor’s hand this the ____ day of ________________ , 20 ____ . 1 Grantor       Type or Print Name Grantor       Type or Print Name STATE OF IOWA COUNTY OF __________________ On this _______ day of ________________________ , _______ , before me, a Notary Public, personally appeared ______________________________ , to me known to be the persons named in and who executed the foregoing instrument, and acknowledged that he/she/they executed the same as his/her/their voluntary act and deed. ______________________________ Notary Public Print Name: ________________________ (Seal, if any) My commission expires: ________________________ Grantor(s) Name, Address and phone: Grantee(s) Name, Address and Phone: