Warranty deed for parents to child with reservation of life estate oklahoma form
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Prepared by U.S. Legal Forms, Inc.
Copyright 2016 - U.S. Legal Forms, Inc.
STATE OF OKLAHOMA
WARRANTY DEED
[Warranty Deed to Child reserving Life Estate to
Parent(s)]
Control Number – OK - 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. 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.
DISCLAIMER
These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of
Oklahoma. 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. 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.
Prepared By and After Recording Return to:
-------- Above This Line Reserved For Official Use Only--------
WARRANTY DEED
(Parents to Child with reserved Life Estate)
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, hereinafter referred to as “Grantors”, does hereby grant, bargain, sell, warrant and convey
unto ________________________ , hereinafter “Grantee”, the following lands and property,
together with all improvements located thereon, lying in the State of Oklahoma, 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.
TO HAVE AND TO HOLD to the said Grantee, his/her heirs, personal representatives,
executors and assigns forever.
In Witness Whereof , the said ____________________________________ , Grantors have
hereunto set their hand this ______ day of ____________ , 20 ______ .
Grantor
Type or Print Name
Grantor
Type or Print Name
STATE OF OKLAHOMA
COUNTY OF __________________
This instrument was acknowledged before me on ________________________ (date) by
______________________________ (name(s) of person(s)).
Notary Public
Type or Print Name
My Commission Expires: ________________________
STATE OF OKLAHOMA
COUNTY OF __________________
This instrument was acknowledged before me on ________________________ (date) by
______________________________ (name(s) of person(s)).
Notary Public
Type or Print Name
My Commission Expires: ________________________
Grantor(s) Name, Address and phone: Grantee(s) Name, Address and Phone:
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FAQs
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A Warranty Deed For Parents To Child With Reservation Of Life Estate in Oklahoma is a legal document that allows parents to transfer property ownership to their child while retaining the right to live on the property for the rest of their lives. This deed ensures that the property is protected and remains within the family, providing both parties with peace of mind.
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Using a Warranty Deed For Parents To Child With Reservation Of Life Estate in Oklahoma offers several benefits, including the protection of family assets and avoiding probate. This legal strategy not only secures the property for the child but also allows parents to maintain their residency, ensuring a smooth transition of ownership.
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