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

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF MICHIGAN WARRANTY DEED [From Parent(s) to Child with Reserved Life Estate(s)] Control Number – MI – SDEED - 2 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. 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NOTE ON FILING THIS FORM A Property Transfer Affidavit (Michigan Department of Treasury Form L-4260) must be filed within 45 days with the Department of Assessment whenever a transfer of ownership occurs. This form can be downloaded and printed and then filled out for return to the Department of Assessment via fax or mail. This form can be viewed and printed using Adobe Acrobat Software, available by clicking on the following link. http://www.michigan.gov/documents/l4260f_2688_7.pdf DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Michigan. 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. 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Grantor(s) Name and Address:       Grantor             Address       Grantor             Address WARRANTY DEED 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, ______________________________ , an Individual, married unmarried or Husband and Wife, hereinafter referred to as “Grantor” does hereby convey and warrant unto ______________________________ , the following lands and property, together with all improvements located thereon, situated in the __________________ of __________________ , County of __________________ , State of Michigan, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Warranty Deed Page 1 of 4 SUBJECT to Life Estates retained by ______________________________ and ______________________________ , Grantors, to run consecutively. It being the intention of the Grantors that the termination or extinguishing of one Life Estate shall in no way affect the remaining Life Estate. The Grantors also grant to the Grantees the right to make ____________ division(s) under section 108 of the Land Division Act, Act No. 288 of the Public Laws of 1967. The above-described premises may be located within the vicinity of farmland or a farm operation. Generally acceptable agricultural and management practices which may generate noise, dust, odors, and other associated conditions may be used and are protected by the Michigan Right to Farm Act. SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. TO HAVE AND TO HOLD same unto Grantees, and unto Grantees heirs and assigns forever, with all appurtenances thereunto belonging. GRANTOR hereby covenant with GRANTEES that Grantor is lawfully seized in fee simple of said premises; that the premises are free from all encumbrances, unless otherwise noted above; that Grantor has a good right to sell and convey the same as aforesaid; and to forever warrant and defend the title to the said lands against all claims whatever. Taxes for tax year ______ shall be prorated between Grantor and Grantees as of the date selected by Grantor and Grantee, or paid by Grantees, or paid by Grantor. WITNESS Grantor’s hand this the ______ day of __________________ , 20 ______ . (1 st Grantor’s Signature) (2 nd Grantor’s Signature)             Print Name Print Name State of __________________ County of ____________ Warranty Deed Page 2 of 4 The foregoing instrument was acknowledged before me this ______ day of ____________ , 20 ______ by ______________________________ . Notary Public My commission expires:       Type or Print Name State of __________________ County of ____________ The foregoing instrument was acknowledged before me this ______ day of ____________ , 20 ______ by ______________________________ . Notary Public My commission expires:       Type or Print Name County Treasurer’s Certificate City Treasurer’s Certificate When recorded Return to:                         Send Subsequent Tax Bills To:                         Drafted by:                         Tax Parcel # _________________ Recording Fee $__________ Transfer Tax $_________ Grantor(s) Name, Address and phone: Grantee(s) Name, Address and Phone:             Warranty Deed Page 3 of 4                                                 Warranty Deed Page 4 of 4 EXHIBIT A       Warranty Deed Exhibit A