Real Estate Law
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There is nothing that would legally prohibit you from drafting up your own life estate deed to give daughter a life estate. However, if it is done incorrectly, it could result in a defective deed that would be considered void.
So I always compare it to pulling teeth....you can pull your own teeth, but it is less painful and less likely to go wrong if you have a dentist do it..
But you can contact a local title or closing company and see if they could prepare one for you. They will be cheaper and faster than a regular real estate attorney and can help with getting it executed and recorded for a small additional fee.
I would ballpark the cost at around $200 for a deed prep..