This form is a warranty deed from parent(s) to child with a reservation of a life estate in the parent(s). The form allows the grantor(s) to convey property to the grantee, while maintaining an interest in the property during the lifetime of the grantor(s).
Kentucky Life Estate Deed With Warranty
Category:
State:
Kentucky
Control #:
KY-021-77
Format:
Word;
Rich Text
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How to fill out Kentucky Warranty Deed To Child Reserving A Life Estate In The Parents?
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FAQ
Kentucky requires the person transferring property (the grantor) and the person receiving property (the grantee) to sign the deed. A deed from or to more than one person must be signed by all grantors and grantees. A deed involving an entity must be signed by a representative with legal power to act for the entity.
Law shall not prevent a person (not holding himself out as a practicing attorney) from writing a deed, mortgage, or will.
The grantor (or agent) and grantee (or agent) must sign a sworn consideration statement and the signatures must be notarized. (KRS 382.135 and KRS 382.130) The document must be filed in the county clerk's office of the county where the property is located (or the greater part). KRS 382.110.
A Kentucky general warranty deed is used to transfer property from a seller (grantor) to a buyer (grantee) in Kentucky. A warranty deed provides a guarantee from the seller to the buyer that the property is clear of any title defects and that the seller has the legal authority to sell the property.
(1) All deeds, mortgages and other instruments required by law to be recorded to be effectual against purchasers without notice, or creditors, shall be recorded in the county clerk's office of the county in which the property conveyed, or the greater part thereof, is located.