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).
North Dakota Life Estate Deed Form With Beneficiaries
State:
North Dakota
Control #:
ND-021-77
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out North Dakota Warranty Deed To Child Reserving A Life Estate In The Parents?
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FAQ
A North Dakota property owner may transfer or retitle real estate during the owner's life using a signed, written deed. A North Dakota deed must satisfy the legal requirements described below to be eligible for recording and to legally transfer title to the new owner.
You must sign the deed and get your signature notarized, and then record (file) the deed with the county recorder's office before your death. Otherwise, it won't be valid. You can make a North Dakota transfer on death deed with WillMaker.
A North Dakota quitclaim deed transfers the signer's interest in property with no warranty of title. A quitclaim deed passes to the new owner all of the current owner's rights in the property as of the date of the deed.
Cent. Code § 30.1-32.1-02. An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed.
However, North Dakota does allow for an informal probate process which is a simplified version. If the value of the estate is less than $50,000, probate may be avoided. The small estate administration just requires an affidavit.