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How can a life estate legally be reversed or amended?

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2009-05-11 14:25:06
2009-05-11 14:25:06

THE TENANT IS STILL ALIVE BUT HAS MOVED

we need to know more facts. Who granted the life estate? Are they still alive? Were there any terms to the life estate, such as "if unable to occupy for six consecutive months, the life estate terminates". The person granted the life estate can also terminate it by filing a document at the registry of deeds.

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A deceased person could have their life estate property revised. It is best to seek the advice and assistance of a lawyer.

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Your question is extremely hard to follow. Generally a life estate cannot be "reversed". The attorney isn't the one who grants a life estate. The owner of the property grants it in the deed. If the mother-in-law owned the property and conveyed it reserving a life estate for herself it can't be reversed. Generally, the recipient of a life estate doesn't sign the deed "in agreement". For example, Sally can grant her property to Sheila for life and the fee to Tom and Jerry upon Sheila's death. Sheila wouldn't be required to sign that deed. A life estate isn't considered an agreement. You should discuss the life estate with an attorney to determine the rights and obligation of both parties.

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The grantee in a life estate is the life estate owner. If they die the life estate is extinguished and the property is free of the life estate. However, if you have your terms reversed please review the following. The grantor is the person who owns the property. The owner can grant a life estate and that person is the grantee. If the grantor dies the decedent's heirs would inherit the fee to the property either by will or under the state laws of intestacy. However, the life estate owner retains their life estate and the heirs acquire title subject to the life estate. The life estate owner would still have the right to the use and possession of the property for the duration of their natural life. They would also be subject to any statutory law regarding the obligations of a life estate owner in maintaining the property, paying taxes, maintaining insurance, etc..

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A trust that cannot be revoked or amended by the party who establishes it. This type of trust is often established when life insurance is purchased to protect an estate. However, it is generally used in estate planning to remove property from the estate of the grantor/trustor.

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A property is not usually seen as being abandoned just because it seems as though it is and a life estate belongs to the beneficiary of it for the length of their life or until they decide to give it up legally

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A Life Estate provides the right to the use and sole possession of real estate for the life of the life tenant.A Life Estate provides the right to the use and sole possession of real estate for the life of the life tenant.A Life Estate provides the right to the use and sole possession of real estate for the life of the life tenant.A Life Estate provides the right to the use and sole possession of real estate for the life of the life tenant.

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Trustees are not generally involved in a life estate.

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A life estate is extinguished upon the death of the holder of the life estate. There is no executor involved in a life estate. You need to rethink your query.

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No. A life estate expires upon the death of the life tenant.

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A Lady Bird Deed is an enhanced life estate that is only available in a few states including Florida. The transaction could be amended by a reconveyance of the property from the grantee back to the original owner. The deed could then be executed again with the desired changes. However, the transaction should be handled by an attorney who specializes in real estate and is familiar with your state laws.

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An estate that has real estate must be probated in order for title to pass legally. Once the will has been filed for probate it becomes a public record and you can visit the court and obtain a copy.An estate that has real estate must be probated in order for title to pass legally. Once the will has been filed for probate it becomes a public record and you can visit the court and obtain a copy.An estate that has real estate must be probated in order for title to pass legally. Once the will has been filed for probate it becomes a public record and you can visit the court and obtain a copy.An estate that has real estate must be probated in order for title to pass legally. Once the will has been filed for probate it becomes a public record and you can visit the court and obtain a copy.

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Marriage doesn't affect a life estate unless that was made a provision in the original grant of the life estate.Marriage doesn't affect a life estate unless that was made a provision in the original grant of the life estate.Marriage doesn't affect a life estate unless that was made a provision in the original grant of the life estate.Marriage doesn't affect a life estate unless that was made a provision in the original grant of the life estate.

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The owner of the property must grant a life estate to you.The owner of the property must grant a life estate to you.The owner of the property must grant a life estate to you.The owner of the property must grant a life estate to you.

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Yes, the remainder can be sold to the life estate holder.

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Marriage has no effect on a life estate. The only factor that is important is the length of the life of the person that has been granted the life estate.

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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.

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Yes, they can release their life estate.

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The life estate will last as long as the beneficiary lives. The estate will have to remain open until that point in time.

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A freehold estate is a right of title characterized by two features: it is an interest in land and the interest is not of a fixed duration.In the United States a life estate is a freehold estatealthough the ownership is of a limited duration. That duration can be measured by the life of the life tenant or of another person. When the measured life ends the life estate expires.A life estate in England and Wales does not create a freehold estate.

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A life estate is based on a specific person's life. If they are not named in the life estate, they have no interest. They can claim the right to use the life estate as long as the individual is still living.

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Only by the death of the life estate holder or by their release of the life estate by deed to the fee owners.

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You need to reword your question. A remainderman cannot sell a life estate. A life estate must be released by the life tenant. A remainderman can sell their own interest in the property that is subject to the life estate, However, the grantee would take that interest subject to the life estate.You need to reword your question. A remainderman cannot sell a life estate. A life estate must be released by the life tenant. A remainderman can sell their own interest in the property that is subject to the life estate, However, the grantee would take that interest subject to the life estate.You need to reword your question. A remainderman cannot sell a life estate. A life estate must be released by the life tenant. A remainderman can sell their own interest in the property that is subject to the life estate, However, the grantee would take that interest subject to the life estate.You need to reword your question. A remainderman cannot sell a life estate. A life estate must be released by the life tenant. A remainderman can sell their own interest in the property that is subject to the life estate, However, the grantee would take that interest subject to the life estate.

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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.

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Nothing happens to the life estate. The life estate remains as long as the person who holds it is still living. Any sale is based on the existence of the life estate. However, if the life estate has not vested, as in the life estate was to be left in a will and they haven't died yet, then the life estate is void.


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