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Click ‘Get Form’ to open the Warranty Deed in the editor.
Begin by entering the names and addresses of both Grantors (the parents) in the designated fields. Ensure accuracy as this information is crucial for legal purposes.
Next, fill in the Grantee's details (the child receiving the property). Specify whether they are married or unmarried by selecting the appropriate option.
In the section for property description, either attach Exhibit A with a detailed legal description or provide a concise description of the property being conveyed.
Indicate any life estates retained by Grantors, ensuring clarity on how these will operate consecutively. This is important for future estate management.
Complete the date fields and ensure all parties sign where indicated. Notary sections must also be filled out correctly to validate the deed.

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What is a warranty deed with life estate reservation?

A deed with a reserved life estate is used when you wish to both pass your real property to someone upon your death and also protect the property from nursing-home liens. This document may also make it possible for you to live in and maintain control of the property until your death.

What does it mean when a life estate is reserved?

Definition: Reserved Life Estate. From ConservationTools.org. The ownership of real estate can be divided into present and future interests. This division enables a landowner to convey land to a land trust or government with the owner retaining ownership during the owners lifetime or some other specified period.

Who owns the property in a life estate in Mississippi?

Life Estate with a Remainder: This type of life estate grants the life tenant the right to possess and use the property during their lifetime, with the remainder interest passing to the remainderman upon the life tenants death. This arrangement ensures a clear transition of property ownership.

What is a warranty deed with reservation of life estate in Mississippi?

A Mississippi warranty deed reserving a life estate is a legal document used to transfer property ownership while allowing the grantor (the person selling or giving the property) to retain possession and use of the property for the duration of their life.

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Warranty Deed to Child Reserving a Life Estate in the Parents - Mississippi 2025