Grant Deed With Reserved Life Estate - Montana

Grant Deed With Reserved Life Estate is a legal document that was released by the Montana Department of Public Health and Human Services - a government authority operating within Montana.

FAQ

Q: What is a Grant Deed with Reserved Life Estate?
A: A Grant Deed with Reserved Life Estate is a legal document used in Montana to transfer property ownership, while reserving the right for the current owner to live on the property until they pass away.

Q: How does a Grant Deed with Reserved Life Estate work?
A: When a property owner uses a Grant Deed with Reserved Life Estate, they are transferring the property to someone else, but retaining the right to live on the property for the rest of their life.

Q: Who can use a Grant Deed with Reserved Life Estate?
A: Any property owner in Montana who wants to transfer their property but also retain the right to live on it until their death can use a Grant Deed with Reserved Life Estate.

Q: What happens when the owner with the Reserved Life Estate passes away?
A: When the owner with the Reserved Life Estate passes away, the property passes to the new owner, and they become the full owner of the property.

Q: Can the owner with the Reserved Life Estate sell the property?
A: No, the owner with the Reserved Life Estate cannot sell the property since they have transferred ownership to someone else. However, they can live on the property until their death.