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No. A life estate must be released by the life tenant unless the grantor reserved the right to revoke it.
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If granter is not dead can he terminate a life estate?
The grantor can terminate a life estate if she reserved the right to revoke it. Otherwise, only the life estate holder or a judge can terminate a life estate if the life tenant is living.
Can a life estate be cancelled by the grantor in Wisconsin?
Not once it has been granted. The holder of the life estate would have to sign it over.
Florida life estate laws?
Florida has an excellent procedure for creating a life estate. See the description at the link provided below.
How do you sever a life estate in Florida?
A life estate is extinguished by the death of the life tenant or by the life tenant executing a deed of release of the life estate.
Does the Florida life estate expire if the beneficiary is no longer a resident of Florida?
The location of the person with the life estate does not matter. They can live anywhere they wish.
In Florida is a surviving spouse entitled to a life estate?
Yes.
Can a life estate be cancelled due to hardship?
Not once it has been granted. The holder of the life estate would have to sign it over. They could voluntarily give it back if they no longer wish to hold it.
Can a life estate owner sell the property in Florida?
In the case of a conventional life estate the life estate holder and the remainderman must both execute the deed if they agree to sell the property. See related question link.
Can a mother will or transfer her life estate to one of her children in the state of Florida?
A life estate is extinguished upon the deah of the original life estate holder. Therefore, one cannot leave a life estate to another person in their will. Generally, rights in a life estate can be transferred, however, they would expire upon the death of the original life estate holder.
Can a granter of a life estate terminate it at any time without the permission of the grantee's?
It will depend on the laws in the specific state. Some will allow it, others will not. Some feel that if they granted to estate, they can take it away. It is likely to cause a lot of ill feelings. You really should consult an attorney.
Which is better a life estate or an enhanced life estate?
An enhanced life estate gives the life tenant the power to sell and mortgage the property. A conventional life estate grants only the use and possession for life. However, enhanced life estates are not available in every jurisdiction. Florida is one where enhanced life estates are recognized. You should discuss it with an attorney who specializes in real estate.An enhanced life estate gives the life tenant the power to sell and mortgage the property. A conventional life estate grants only the use and possession for life. However, enhanced life estates are not available in every jurisdiction. Florida is one where enhanced life estates are recognized. You should discuss it with an attorney who specializes in real estate.An enhanced life estate gives the life tenant the power to sell and mortgage the property. A conventional life estate grants only the use and possession for life. However, enhanced life estates are not available in every jurisdiction. Florida is one where enhanced life estates are recognized. You should discuss it with an attorney who specializes in real estate.An enhanced life estate gives the life tenant the power to sell and mortgage the property. A conventional life estate grants only the use and possession for life. However, enhanced life estates are not available in every jurisdiction. Florida is one where enhanced life estates are recognized. You should discuss it with an attorney who specializes in real estate.
What does LE REM on a warranty deed stand for In Florida?
LE = Life Estate REM = Remainderman
