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How to Record a New Deed After the Death of a Life Estate Holder?


real estate office, legal stationary store or online. Obtain the form required in your state because additional information may be required in the affidavit. For example, Massachusetts law requires a statement regarding the value of the property and ...


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SFGate HomeGuides by Demand Media News Sports Business A&E Food Living Travel Columns More Less Cars Jobs Real Estate Find&Save Skip to main content Home Guides Home Home Finance Renting and Tenant Rights by Demand Media Home Guides Home Home Finance Renting and Tenant Rights How to Record a New Deed After the Death of a Life Estate Holder? Clearing title to real estate is necessary when an owner dies and the property passes to youIn some situations, such as when property is titled as a life estate, clearing title is done without court involvement by recording the appropriate document with your local government recording officeTo accomplish this, you need to have the life estate deed that shows you have the right to own the property after the life estate holder diesUsing the information in this deed, along with the deceased's death certificate, you can prepare and record the required title transfer document to clear title (adsbygoogle = window.adsbygoogle || []).push({}); 1Locate the life estate deed for the property that is passing to youThe original deed should be among the deceased's possession or may have previously been given to youIf you can't locate the original or a copy of the deed, obtain a copy from your local government recording office 2Acquire several certified copies of the deceased's death certificate from your local government office that maintains death certificatesYou must file one with the title transfer document for your propertyHaving extra copies may be helpful if you must redo this process or are responsible for settling other aspects of the deceased's estate 3Prepare a form called "Affidavit of Death of Life Tenant" using the information from the life estate deedIn the upper left corner of the form, record your name and address so that the document can be mailed to you after it is recordedIn the body of the form, record the relevant information from the life estate deed which typically includes: the name of the grantor -- that is, the person who originally made the life estate, usually also the life estate holder; the name of the life estate holder; and the name of the remainder owner -- that is, you and anyone else the property passes toInclude all required information to describe the real estate, such as the legal description, street address and, if necessary, the assessor's parcel number and book, page and map numbers var VIEWPORT_WIDTH = document.documentElement.clientWidth || document.body.clientWidth; if (VIEWPORT_WIDTH */ } 4Prepare any other documents required by your local government recording officeFor example, in California, a form called "Change in Ownership Statement - Death of Real Property Owner" must be filed along with a document such as an Affidavit of Death of Life TenantThe website of your local government recording office is a good source for the required filing information and to obtain necessary forms 5Sign your Affidavit of Death of Life Tenant before a notary public, who will complete the form with the required informationReal estate documents generally can't be recorded unless they're notarizedA fee must typically be paid for recording the document 6Record the Affidavit of Death of Life Tenant by delivering the original, notarized document to your local government recording officeAlso bring any additional document required for filing by your state or local government Things You Will Need Life Estate Deed Certified Copy of Death Certificate Affidavit of Death of Life Tenant (form) Change in Ownership Statement (form - if needed) Tips The Affidavit of Death of Life Tenant form can be obtained from several sources, such as a title company, real estate office, legal stationary store or onlineObtain the form required in your state because additional information may be required in the affidavitFor example, Massachusetts law requires a statement regarding the value of the property and whether estate tax appliesAs of July 2013, estates over $5.25 million may have to pay estate taxIf the deed has more than one life estate holder, you'll need a certified copy of the death certificate for each one, not only for the last one to die Warning In some states, such as California, a transfer involving a life estate may result in an reassessment of the property that can result in increased real estate taxesHowever, depending on your relationship to the life estate holder -- for example, parent-child -- you may be exempt from a reassessmentIf you are entitled to an exemption, you generally must file the appropriate form with the assessor's office to have it applied var ad_height, adblocked_ad_height, VIEWPORT_WIDTH = document.documentElement.clientWidth || document.body.clientWidth; if (VIEWPORT_WIDTH > 500) { ad_height = '455px'; adblocked_ad_height = '350px'; } else { ad_height = '555px'; adblocked_ad_height = '350px'; } document.getElementById('ggads').style.height = ad_height; (adsbygoogle = window.adsbygoogle || []).push({}); var mainAds = $('.main-ad-con'); if (mainAds.length '); document.getElementById('ggabads').style.height = adblocked_ad_height; (adsbygoogle = window.adsbygoogle || []).push({}); } window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-a', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails – Demand 3X2', target_type: 'mix' }); References (6) Sowards Law Firm: Overview of Life EstatesJuris Documents: Affidavit of Death of Life TenantAssessor-Recorder City and County of San Francisco: Change in Ownership Statement Death of Real Property OwnerLos Angeles County Registrar-Recorders/County Clerk: Property Document RecordingLaw Offices of Susan MMooney: Life Estate Ownership of Real Estate (Advantages and Disadvantages)Nolo: Federal Gift and Estate Law in 2013 and Beyond Resources (2) County of Napa Assessor: The Impact of Life Estates on Property TaxesAssessor-Recorder City and County of San Francisco: Claim for Reassessment Exclusion for Transfer Between Parent and Child About the Author Joe Stone is a freelance writer in California who has been writing professionally since 2005His articles have been published on LIVESTRONG.COM, SFgate.com and Chron.comHe also has experience in background investigations and spent almost two decades in legal practiceStone received his law degree from Southwestern University School of Law and a Bachelor of Arts in philosophy from California State University, Los Angeles Suggest a Correction (adsbygoogle = window.adsbygoogle || []).push({}); var div = document.getElementById('top-sidebar-widget'); var innerDiv = document.createElement('div') var VIEWPORT_WIDTH = document.documentElement.clientWidth || document.body.clientWidth; if (VIEWPORT_WIDTH > 500) { innerDiv.id = 'A300' div.appendChild(innerDiv) /**/ } else { innerDiv.id = 'B300' div.appendChild(innerDiv) /**/ } Related Articles What Happens to a Mortgage When the Mortgagee Dies?Life Tenant RightsHow to Transfer Names on Mortgage LoansHow to Change the Ownership of a House Because of a Deceased PersonHow to Give a Title to the Co-OwnerHow to Draw Up a Property Deed var div = document.getElementById('mid-sidebar-widget'); var innerDiv = document.createElement('div') var VIEWPORT_WIDTH = document.documentElement.clientWidth || document.body.clientWidth; if (VIEWPORT_WIDTH > 500) { innerDiv.id = 'B300' div.appendChild(innerDiv) /**/ } else { innerDiv.id = 'S300' div.appendChild(innerDiv) /**/ } More Articles What Is a Warranty Deed on a House?Does a Real Estate Deed Have to Be Filed & Recorded?How to Add a Husband's Name to the Deed or Leave the House to Him in a WillHow to Transfer a Title of Real Estate From a Parent to a ChildHow Do I Transfer Property with a Quitclaim Deed?Ways for a Person to Hold the Title to Real Property var div = document.getElementById('bottom-sidebar-widget'); 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