0
A lien against the fee owner, or remainder person, will be subject to the life estate.
A lien against the fee owner, or remainder person, will be subject to the life estate.
A lien against the fee owner, or remainder person, will be subject to the life estate.
A lien against the fee owner, or remainder person, will be subject to the life estate.
Wiki User
∙ 11y ago
Wiki User
∙ 15y agoThe answer depends on the type of lien and whether the life tenant consented to the obligation that resulted in a default. If the life tenant didn't consent to the obligation any rights of the creditor would be subject to the rights of the life tenant. If the lien is a property tax lien (for example) the lien would be superior to the right of the life tenant. In the case of creditors, the lien can always be recorded against the property even if it cannot be enforced right away. If the life tenant died the lien would become operative and the creditor may be able to sieze the property.
Wiki User
∙ 11y agoA lien against the fee owner, or remainder person, will be subject to the life estate.
Wiki User
∙ 14y agoYes- if payable to the estate.
Add your answer:
Earn +20 pts
Can creditors place a lien on a corporation or LLC companies?
car creditors put a lien on an LLC
Can creditors put a lien on a house that is in a life estate?
Yes, they can place a lien on real estate. That may mean they get nothing if the individual dies, because they can only lien on the rights of that individual.
You have high unsecured debt can creditors get lien against your home or the equity of your home which is partially paid off?
If the creditors sue you for unpaid balance they can put a lien on your home if it is in your name.
Can creditors put a lien on property not in your name?
If the property was fraudulently conveyed to avoid creditors the court can approve a lien against it in spite of the transfer.If the property was fraudulently conveyed to avoid creditors the court can approve a lien against it in spite of the transfer.If the property was fraudulently conveyed to avoid creditors the court can approve a lien against it in spite of the transfer.If the property was fraudulently conveyed to avoid creditors the court can approve a lien against it in spite of the transfer.
Can creditors put a lien on a deceased property if there is no will?
The existence of a will has no bearing on whether or not they can place a lien. If they have a legitimate debt and a judgment, or an agreement in the loan regarding a lien, they can place the lien on the property or the estate.
Can a lien be put against a life insurance policy when the beneficiary owes you money?
Not with a properly named beneficiary. If the beneficiary is the owner can the life insurance policy be attached by a lien? If the person is deceased than you now have the money. I guess it depends on what entity is putting a lien on. Certainly the IRS can do anything they wish. I don't think any other entity can put a lien on the money any more than they could your 401K or Savings account. If you are truly concerned you should check with your lawyer.
Can a insurance audjuster put a lien on your claim?
no, if they try to sue them.
Is it fraud to put a non excistant lien on property so creditors cant demand sale?
Yes, definitely.
Can they take your house in North Carolina for not paying credit cards?
If your sued and your creditors receive a judgment they can put a lien on your property.
What is the best way to protect assets from creditors?
Move to Texas and put your money into exempt assets; e.g., a homestead, retirement assets, life insurance, annuities . . . .
Why would a mortgage release be on public record file?
A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.
Can you put a lien on a life insurance policy for your father if his beneficiary refuses to use the policy to cover his funeral expenses?
You have to file a creditor's claim against the estate of the father.
