Fill and Sign the Warranty Deed to Child Reserving a Life Estate in the Parents Illinois Form

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF ILLINOIS WARRANTY DEED PARENT TO CHILD – RESERVING A LIFE ESTATE TO THE PARENT Control Number – IL - 021 - 77 NOTES ON COMPLETING THESE FORMS The form(s) 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. 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 in 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. This is appropriate and the way the form is designed to function. NOTE State of Illinois Real Estate Transfer Declaration must be completed and filed with this deed. The forms are available for download at: http://www.willcountyrecorder.com/Forms.html These forms may also be filled out online in a guided and interactive fashion on the web site of the Illinois Department of Revenue. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Illinois. 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:                         Send Tax Statements to Grantee (Name and Address):                         -------- Above This Line Reserved For Official Use Only--------       WARRANTY DEED (To Child reserving life estate to Parent(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 ______________________________ , Husband and Wife, hereinafter referred to as “Grantors”, do hereby CONVEY AND WARRANT unto ______________________________ , an individual, hereinafter “Grantee,” the following lands and property, together with all improvements located thereon, situated in the County of __________________ , State of Illinois, 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 3 SUBJECT to Life Estates retained by ______________________________ and ______________________________ , Grantors, to run consecutively. It is the express intention of the Grantors that the ending of one Life Estate shall in no way affect the remaining Life Estate. Permanent Index Number(s)       Property Address:       SUBJECT to restrictions, reservations, rights of way, easements and covenants of record, reference hereto will not serve to impose same. The property herein conveyed is not a part of the homestead of Grantors, is not now and has never been contiguous to Grantor’s homestead, or is part of the homestead of Grantors and the conveyance is joined by both Husband and Wife. WITNESS Grantor(s) hand(s) this the ______ day of __________________ , 20 ______ . (1 st Grantor’s Signature) (2 nd Grantor’s Signature)             Print Name Print Name STATE OF ILLINOIS COUNTY OF __________________ The foregoing instrument was acknowledged before me this ______ day of __________________ , ______ by ______________________________ (name of person acknowledged.) Notary Public My commission expires:       Type or Print Name STATE OF ILLINOIS Warranty Deed Page 2 of 3 COUNTY OF __________________ The foregoing instrument was acknowledged before me this ______ day of __________________ , ______ by ______________________________ (name of person acknowledged.) Notary Public My commission expires:       Type or Print Name EXEMPT UNDER PROVISIONS OF PARAGRAPH ____________ SECTION 4, REAL ESTATE TRANSFER ACT. DATE: __________________ ________________________________________ Buyer, Seller or Representative Grantor(s) Name, Address and phone: Grantee(s) Name, Address and Phone:                                                             Warranty Deed Page 3 of 3 EXHIBIT A       Warranty Deed Exhibit A