This form is a Life Estate Deed where the Grantor is an individual and the Grantee is an Individual. Grantor conveys and warrants the described life estate to the Grantee. This deed complies with all state statutory laws.
Life Estate With Remainder Interest
Category:
State:
Oregon
Control #:
OR-033-78
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
How to fill out Oregon Life Estate Deed From An Individual To An Individual.?
Whether for business purposes or for individual matters, everyone has to handle legal situations at some point in their life. Completing legal papers requires careful attention, starting with selecting the appropriate form template. For example, if you choose a wrong version of a Life Estate With Remainder Interest, it will be rejected when you send it. It is therefore important to have a trustworthy source of legal files like US Legal Forms.
If you need to obtain a Life Estate With Remainder Interest template, follow these simple steps:
- Find the sample you need using the search field or catalog navigation.
- Check out the form’s information to ensure it fits your case, state, and region.
- Click on the form’s preview to see it.
- If it is the incorrect document, go back to the search function to find the Life Estate With Remainder Interest sample you need.
- Get the template when it meets your needs.
- If you have a US Legal Forms account, just click Log in to access previously saved files in My Forms.
- In the event you don’t have an account yet, you may obtain the form by clicking Buy now.
- Pick the proper pricing option.
- Finish the account registration form.
- Select your payment method: use a credit card or PayPal account.
- Pick the file format you want and download the Life Estate With Remainder Interest.
- When it is saved, you can fill out the form with the help of editing software or print it and complete it manually.
With a vast US Legal Forms catalog at hand, you do not have to spend time seeking for the appropriate sample across the web. Take advantage of the library’s straightforward navigation to find the appropriate form for any situation.
Form popularity
FAQ
For example, speaking to physical property, if the owner of the property bequeaths a piece of property to Person A for life and then to Person B upon Person A's death, Person B is the rightful owner of a future interest, i.e., the remainder.
A remainderman is a property law term that refers to a person who stands to inherit property at a future point in time upon the termination of a preceding estate?usually a life estate. A remainderman is a third person other than the estate's creator, initial holder, or either's heirs.
A remainder interest is the right to use, possess, or enjoy property when the prior interest (term or life) ends. Mathematically, the value of a remainder interest is found by subtracting the present value of the prior interest from the entire fair market value of the property.
The remainder interest is the value of the property or a portion of the value inherited by the remainderman upon the death of another heir. A remainder interest is established by a deed, trust or will when the life estate is created.
How is a life interest valued? Interests in an asset can be valued under a discounted cash flow model using the asset's yield (net of costs incurred in maintaining or managing the asset) and allowing for the probability of the defined period or relevant event (for example, the life beneficiary's chance of survival).