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Can you sell your interest in a house that is lived in by a person covered under a life estate?
Wiki User
∙ 16y ago
I bet you can, as long as the buyer understands that "your interest" includes the honoring of the life estate. You can sell what's yours, and not what isn't, obviously.
Wiki User
∙ 16y ago
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this is in Texas, estate includes a house, is the rent concidered part of the estate?
The estate includes the house. The rental income is treated like dividends and interest - something the estate will have to file as income in the taxes, along with the deceased's last paychecks.
How much is a house cost?
Try to ask a real estate agent in your area or area of your interest.
If a person puts a house in life estate can a lien for credit card debt be put on a house after the person dies?
no
Does the person who receives the life estate have to maintain the house and property named in life estate?
Generally, yes.
Does executor have ruling over sale of house in an deceased estate?
Yes, the executor has the authority to manage and oversee the sale of a house in a deceased estate. The executor is responsible for handling the deceased person's assets, including the sale of property, according to the terms of the will or state laws if there is no will. The executor must act in the best interest of the estate and its beneficiaries.
Who is responsible in paying the bills of a house left to a person in the will when the will is still not settled?
The estate has that responsibility. Until the estate is settled, the house ownership and responsibilities have not been transferred.
What Life estate is measured by the life of a person other than the life tenant?
In NC if the life estate person moves out does that break the life estate so the remainder of the owners can sell the the house and land
When there is three owners of a house and one dies is the house part of the dead person estate?
That will depend on the deed and what the ownership is. If it is a right of survivorship, no, it is not a part of the estate. If they are listed as tenants in common, yes, the estate has a claim to part of the property.
My boyfriend died and is letting me live in his home. it is a life estate So my life estate has a value based on my age and value of this home. If the house is sold do I get the life estate value?
No. However, you continue with your life estate. Whoever purchases the home is essentially betting on you dying early because the house is sold subject to your life interest. You can convey your life interest to someone else if you want to make some money off of the property, but once again this interest would probably not capture alot--as they would be purchasing an interest in the property subject to the length that you live. After which the property reverts back to whomever your boyfriend assigned the remainder interest to.
How can one buy real estate in Atlanta?
One can buy real estate in Atlanta by first searching real estate sites such as Realtor and Trulia. This would allow one to find a house or apartment of interest. After touring the house, he or she would be able to settle on a price for the new home.
Can I sign off my partner on the title to the house?
If your partner acquired her interest by virtue of a deed then the answer is no. The only person who can "sign off" their interest in the title to property is the person who own the interest.
What are personal effects of a deceased person?
e take pride in our family approach to take care and we always provide the best work. Whether it is simple house clearing, house repairs or larger renovations.Deceased estate cleaningDeceased estate clearingDeceased estate cleanupsDeceased estate melbourneDeceased estate repairs(After Life Cleaning)
