A deed of assent is sometimes used to convey real property to heir(s) who are entitled to the property under a decedent?ˆ™s will. This type of deed constitutes the executor?ˆ™s agreement or ?ˆ?assent?ˆ to the transfer of the property to the heir(s), after all debts of the decedent have been paid. Once the heir(s) own the property, they are free to deal with it as they choose. This type of deed doesn't contain warranties of title. It conveys only such title as the decedent held while still alive.
A life estate is an interest in real property, including the right to use and occupy the property for the duration of the lifetime of the life estate holder. A life estate terminates upon the death of the holder. The owner of life estate is called a life tenant. After the death of the life tenant the estate either reverts back to the title holder or to the survivor or remaindermen mentioned in the deed bestowing life estate.
Title is subject to divestment if something could occur that would divest title from the owner of the remainder of an interest in real property.
