Warranty Deed to Child Reserving a Life Estate in the Parents - Delaware: Fill out & sign online

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How much does it cost to transfer a deed in Delaware?

Delaware Transfer Tax and Recording Fees Recording FeesSussex CountyKent CountyDeed (2 pages)$49$56Mortgage (20 pages)$211$231Power of Attorney (2 pages)$49$51Additional pages to above docs$9$101 more row

How do I transfer the deeds to my house?

If there is a title deed in the name of the previous owner, you would need a lawyer, called a conveyancing attorney, to transfer the title deed into your name. The conveyancing attorney sees to it that the title deed is signed into your name by the Registrar of Deeds and files a copy in the Deeds Office.

What happens when a life tenant dies?

After the death of the life tenant (or earlier termination of the trust), the remaining capital of the trust fund can then be passed on to other individuals, known as the remaindermen, or a separate trust, as set out in the will.

What is a remainderman beneficiary?

A remainderman is considered the beneficiary of a life estate and stands to inherit any remaining property after the life tenants death.

What is life of property?

An interest in land that lasts only for the life of the holder. Thus, the holder of a life estate cannot leave the land to anyone in their will, because their interest in the land does not survive the person.

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