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

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF TENNESSEE WARRANTY DEED [From Parent to Three Children with Reserved Life Estate] Control Number – TN - 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. 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This document prepared by (and after recording return to): ) ) ) ) ) ) ) ) ) ) -------- Above This Line Reserved For Official Use Only-------------Name:       Firm/Company:       Address:       Address 2:       City, State, Zip:       Phone:       WARRANTY DEED (Parent(s) to Three Children with Reserved 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, ______________________________ , an individual, married unmarried, hereinafter referred to as “Grantor”, has this day bargained and sold, and by these presents does hereby transfer and convey unto _____________________________________ , an individual, married unmarried, and _____________________________________ , an individual, married unmarried, and _____________________________________ , an individual, married unmarried, the following lands and property, together with all improvements located thereon, lying in the County of ______________________ , State of Tennessee, to-wit: Describe Property of State "SEE DESCRIPTION ATTACHED" The source of title in Grantor is by ______________________ deed recorded in the office of the Register of Deeds in Book ______ , at page ______ , Instrument Number ______ , of ______________________ County, Tennessee. SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. SUBJECT to a Life Estate retained by ______________________________ , Grantor. TO HAVE AND TO HOLD same unto Grantees, and unto Grantees’ heirs and assigns forever, with all appurtenances thereunto belonging. Taxes for tax year ______ shall be prorated between Grantor and Grantees as of the date selected by Grantor and Grantees, or paid by Grantees, or paid by Grantor. The property herein conveyed is not a part of the homestead of Grantor, or is part of the homestead of Grantor and if Grantor is married, the conveyance is joined by both Husband and Wife. GRANTOR does for Grantor and Grantor’s heirs, personal representatives, executors and assigns forever 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. Grantor does hereby swear or affirm that the actual consideration for this transfer or value of the property transferred, whichever is greater, is $ ______ which amount is equal to or greater than the amount which the property transferred would command at a fair voluntary sale. WITNESS Grantor(s) hand(s) this the ____ day of ________________ , 20 ____ . __________________________________ Grantor {Type Name} STATE OF TENNESSEE COUNTY OF ______________________ On this ________ day of ______________________ , 20 ________ , before me personally appeared _______________________________________ , to me known to be the person (or persons) described in and who executed the foregoing instrument, and acknowledged that such person (or persons) executed the same as such person (or person's) free act and deed. __________________________________ Notary Public Printed Name: ______________________ Commission Expires: ______________________ OATH OF VALUE I/We hereby swear or affirm that the actual consideration for this transfer or the value of the property transferred, whichever is greater, is $ __________________ , which amount is equal to or greater than that which the property would command at a fair and voluntary sale. Subscribed and sworn to before me This ______ day of __________________ , 20 ______ ____________________________________ Affiant ____________________________________ Notary Public My Commission expires: __________________ Grantor(s) Name, Address, phone:                                     Grantee(s) Name, Address, phone:                                     SEND TAX STATEMENTS TO GRANTEE