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

6© 2016 - U.S. Legal Forms, Inc.             NEW HAMPSHIRE WARRANTY DEED [Parent(s) to Child with Reserved Life Estate] Control Number: NH-SDEED-2 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. Exemptions to Tax on Transfer of Real Property Section 78-B:2, in pertinent part, provides the exceptions to the Tax on Transfers of Real Property as follows: The tax imposed by this chapter shall not apply: I. To a transfer of title to the state, a state agency, a county, a city, a town, a school district, or a village district. II. To the United States, or any agency or instrumentality thereof. III. To a mortgage or other instrument given to secure payment of a debt or obligation. IV. To a discharge of mortgage or other instrument solely to release security for a debt or obligation. V. To a deed or other instrument which corrects a deed or other instrument previously given. VI. To a deed given by a collector of taxes for property purchased at a tax sale. VII. To a transfer of title from one organization exempt from federal taxation under section 501 of the United States Internal Revenue Code of 1986, as amended, to another organization which is also exempt from federal taxation under section 501, when both the transfer organization and the transferee organization are created by or result from the corporate reorganization of a licensed, general, or specialty hospital. VIII. To a transfer of title to the Trust for New Hampshire Lands when the Trust for New Hampshire Lands acquires the real estate for the purpose of transferring title to the real estate so acquired to the land conservation investment program, RSA 221-A , prior to June 30, 1993. The exception provided in this paragraph shall only apply to the Trust for New Hampshire Lands. The seller, grantor, assignor, or transferor of any real estate to the Trust shall still be liable for payment of the tax imposed by RSA 78-B:1 . IX. To non-contractual transfers. X. To transfers of cemetery plots. XI. To transfers that occur by devise or by the laws regulating intestate succession and descent or by the death of any cotenant in real estate held by joint tenancy. XII. To the beneficiary of a partnership interest where the partnership dissolves by operation of law due to the death of a partner. XIII. To a transfer of title between spouses pursuant to a final decree of divorce or nullity. III. ADDITIONAL DOCUMENTS TO BE FILED WITH THIS FORM: 1. Declaration of Consideration (Not required if exemption stated on deed) A Real estate Transfer Tax Declaration of Consideration must be filed with the New Hampshire Department of Revenue. This form may be accessed at the following website address: http://www.nh.gov/revenue/forms/rettforms.htm 2. An ORIGINAL Form PA-34, Real Estate Transfer Questionnaire must be filed with the Department of Revenue within 30 days from the recording of the deed. Due to the scanning procedure and document processing system of the PA-34, only an ORIGINAL Form PA-34 is acceptable. Therefore, downloadable or photocopied PA-34s, even those that bear original signatures, will not be accepted. You will need to contact the Revenue Department directly at 603-271-2687 to obtain an ORIGINAL Form PA-34. A copy of the PA-34 must also be filed with the local assessing officials of the municipality where the property is located. To learn more about exceptions to the real property transfer tax in New Hampshire, please see: http://www.gencourt.state.nh.us/rsa/html/V/78-B/78-B- 2.htm IV. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for State of New Hampshire. 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 OF 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. Please Return To:                   NO TRANSFER TAX DUE PURSUANT TO NHRSA 78-B:2       WARRANTY DEED [Parent(s) to child with reserved Life Estate(s)] 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 confessed, and for which no lien, express or implied, does or shall exist, ______________________________ , an individual, or ______________________________ and ______________________________ , Husband and Wife, hereinafter referred to as “Grantor,” whether one or more, does hereby grant with warranty covenants unto ________________________ , an individual, all that certain tract or parcel of land lying and being situated in the County of ________________________ , City of ________________________ , State of New Hampshire, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       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, or Life Estate retained by ______________________________ . Warranty Deed Page 1 of 2 SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. WITNESS Grantor(s) hands this the _________ day of ____________________, 20___. (1 st Grantor’s Signature) (2 nd Grantor’s Signature)             Type or Print Name Type or Print Name State of New Hampshire, County of __________________ Personally appeared ________________________ known to me, or satisfactorily proven, to be the persons whose names are subscribed to the foregoing instrument and acknowledged that they executed the same for the purposes therein contained, Before me, Notary Public/Justice of Peace My Commission Expires:       State of New Hampshire, County of __________________ Personally appeared ________________________ known to me, or satisfactorily proven, to be the persons whose names are subscribed to the foregoing instrument and acknowledged that they executed the same for the purposes therein contained, Before me, Notary Public/Justice of Peace My Commission Expires:       Warranty Deed Page 2 of 2 EXHIBIT A       Warranty Deed Exhibit A