Duncanville, TX asked in Real Estate Law for Oklahoma

Q: Can a life estate be recorded as part of a transfer on death deed

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2 Lawyer Answers
Anthony M. Avery
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A: Not sure of your question. But Life Estates, Remainders and Reversions can constitute the estate conveyances in any type of Deed. The Life Estate can and often does vest in possession when someone such as the grantor dies. I do not recommend you attempt to draft such an instrument. Instead hire a competent attorney to do so.

Richard Winblad
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Answered

A: If you want to own the property for your lifetime then grant the property to a beneficiary there is no need to name yourself as reserving a life estate.

If your plan is to grant someone a life estate upon your death with the remainder going to a third party, then a trust would be the better avenue.

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