Final answer:
A deed of a life estate must clearly grant the life estate, describe the property, specify the duration of the life estate, name the remainderman, and possibly include restrictive covenants. It also must be legally executed, with signatures, witnesses, notarization, and be recorded in government offices.
Step-by-step explanation:
When creating a deed for a life estate, certain provisions are necessary to ensure the legal and correct transfer of the property rights. The deed must include a clear declaration that grants the life estate to the life tenant, and it must describe the property in detail. It should also specify the duration of the life estate, which is typically for the life of the recipient, and name the remainderman who will receive the property upon the death of the life tenant.
Furthermore, the deed may include restrictive covenants if there are limitations to be placed on the use of the property. These may establish things like minimum house sizes, setback lines, and particular aesthetic requirements. Additionally, the deed should be legally executed, meaning it needs to be signed by the grantor, witnessed, and notarized in accordance with state laws, and then recorded in the appropriate government office to be effective.