Grenada County Warranty Deed Reserving Life Estate Forms (Mississippi)

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Form Package

Warranty Deed Reserving Life Estate

State

Mississippi

Area

Grenada County

Price

$27.97

Delivery

Immediate Download

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Included Forms

All Grenada County specific forms and documents listed below are included in your immediate download package:

Warranty Deed Reserving Life Estate Form

Warranty Deed Reserving Life Estate Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last reviewed/updated 2/20/2024

Warranty Deed Guide

Warranty Deed Guide

Line by line guide explaining every blank on the form.
Included document last reviewed/updated 1/26/2024

Completed Example of the Warranty Deed Reserving Life Estate Form

Completed Example of the Warranty Deed Reserving Life Estate Form

Example of a properly completed form for reference.
Included document last reviewed/updated 1/22/2024

Included Supplemental Documents

The following Mississippi and Grenada County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

How long does it take to get my forms?

Forms are available immediately after submitting payment.

What are supplemental forms?

Often when a deed is recorded additional documents are required by or Grenada County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.

How do I get my forms, are they emailed?

After you submit payment you will see a page listing the Grenada County forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.

What type of files are the forms?

All of our Grenada County Warranty Deed Reserving Life Estate forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.

Can the Warranty Deed Reserving Life Estate forms be re-used?

Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Grenada County that you need to transfer you would only need to order our forms once for all of your properties in Grenada County.

Are these forms guaranteed to be recordable in Grenada County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Grenada County including margin requirements, content requirements, font and font size requirements.

Do I have to enter all of my property information online?

No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.

Can I save the completed form, email it to someone?

Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.

Do I need any special software to use these forms?

You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.

Are there any recurring fees involved?

No. Nothing to cancel, no memberships, no recurring fees.

Areas Covered by These Warranty Deed Reserving Life Estate Forms:

  • Grenada County

Including:

  • Elliott
  • Gore Springs
  • Grenada
  • Holcomb
  • Tie Plant

What is the Mississippi Warranty Deed Reserving Life Estate

A Mississippi warranty deed reserving a life estate is a legal document used to transfer property ownership while allowing the grantor (the person selling or giving the property) to retain possession and use of the property for the duration of their life. This type of deed offers both an immediate transfer of the property's title and a mechanism for ensuring that the grantor can live on or use the property until their passing. In Mississippi, a warranty deed is a deed where the grantor (seller) guarantees that they hold clear title to a piece of real estate and have a right to sell it to the grantee (buyer). The guarantee is not limited to the time the grantor owned the property---it extends back to the property's origins. This means that the grantor is guaranteeing that there are no encumbrances or claims on the property from before they took ownership.

89-1-33. Effect of word "warrant" in conveyance. The word "warrant" without restrictive words in a conveyance shall have the effect of embracing all of the five (5) covenants known to common law, to wit: seizin, power to sell, freedom from incumbrance, quiet enjoyment and warranty of title.

Reservation of Life Estate: This section specifically states that the grantor is reserving a life estate in the property. By doing so, the grantor retains the right to possess, use, and obtain any profits from the property for the duration of their life. Upon the grantor's death, the life estate automatically terminates, and the grantee possesses the property in full, without any further legal action.

Estate Planning: One of the primary uses of a warranty deed reserving a life estate is in estate planning. It allows individuals to ensure that their heirs or chosen beneficiaries receive the property upon their death while retaining the ability to live on or use the property during their lifetime.
Avoiding Probate: By using a warranty deed with a life estate reservation, the property will automatically pass to the grantee upon the death of the grantor, often avoiding the need for probate.

Protection for the Grantor: Since the grantor retains a life estate, they can continue to live on the property and cannot be forced off by the grantee or any subsequent owner. The grantee cannot sell, mortgage, or otherwise encumber the property in a way that would affect the grantor's life estate.

Tax Implications: There may be tax implications related to transferring property with a reserved life estate, both in terms of gift taxes and potential capital gains taxes. It's essential for individuals considering this option to consult with tax professionals and estate planners.

In summary, a Mississippi warranty deed reserving a life estate offers a flexible tool for estate planning, allowing property owners to pass on their property to chosen beneficiaries while retaining rights to the property during their lifetime.

(Mississippi WD Reserving LE Package includes form, guidelines, and completed example) For use in Mississippi only.

Our Promise

The documents you receive here will meet, or exceed, the Grenada County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Grenada County Warranty Deed Reserving Life Estate form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

Reviews

4.8 out of 5 (4286 Reviews)

Allison M.

February 28th, 2024

Completely painless process! Great customer service! Thank you for everything!

Reply from Staff

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Kay Y.

February 27th, 2024

Fast and easy service.

Reply from Staff

Your words of encouragement and feedback are greatly appreciated. They motivate us to maintain high standards in our service.

John C.

February 26th, 2024

Ease and speed of recording are remarkable. This is especially true of deeds with problems: I often get feedback within minutes and can correct problems immediately and still complete the filing in the same day. I wish more counties accepted electronic filing! It would be helpful to list counties that do/do not accept electronic filing so I would not have to upload documents to find out my effort was fruitless.

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Mary M.

May 7th, 2019

So easy to use. I was able to download all the forms I need, it saves a lot of time!

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April C.

May 18th, 2021

Spot on forms and process. YMMV but way more efficient and cost effective than contacting an ambulance... attorney.

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Rosie R.

November 22nd, 2021

LOVE THIS!! I am a REALTORand from time to time I have had to take documents for filing. I'm so glad I invested some time online researching eFiling services. The first few search results that populated required an expensive annual or monthly subscription. Luckily I continued to scroll and found Deeds.com. No annual or monthly subscription required. Just pay per use. I uploaded a ROL late one night and Deed.com had it eFiled the very next morning!!! They keep you updated throughout the process via email notifications which you click on the link provided in the email that directs you to your online portal to view the status and once your documents have been filed you can immediately download the filed of record documents including the receipt from the county in which the documents were filed. SO SIMPLE, CONVENIENT, & QUICK-THANK YOU DEEDS.com!!!

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Cindy J.

September 4th, 2020

I'm stuck in Florida due to family business and needed to file documents in Virginia for other family business. Deeds.com made it easy and efficient and cost effective. I'm so grateful for this service!

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Bobbie N.

February 24th, 2022

Thank you so much for making the site so easy to use.

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James C.

December 28th, 2021

Worked well.

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Laura M.

November 12th, 2023

Very easy and I appreciate that when you hover over the blank, directions pop up and tell you what to put in that blank. I also appreciated that when I lost the original password, I sent an email and Deeds.com cancelled my order, refunded my account, so that I could start over.

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Patricia D.

January 5th, 2019

I looked around for forms and came to this site. I had to do 15 deeds and this form was very useful to completing that. Very impressed. Thanks

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Tina C.

August 26th, 2021

Quick and easy ordering and download. Appreciated that I could get the form that is used in my county. Would have like to be able to add paragraphs to form.

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Darren G.

December 10th, 2021

Your beneficiary deed sample contains a error of the LDPS designation. I copied the designation of LPDS instead of the correct designation

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Deborah B.

January 6th, 2019

Easy download, and super easy to fill out. Had them recorded Friday with zero issues. Recommended.

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Frank W.

January 19th, 2023

Everything worked smoothly

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