0
If your parents have signed over their house to you but have lifetime use can they still pay for repairs?
Wiki User
∙ 14y ago
In this case, parents have actually transferred a remainder interest and retained a life estate. A life estate is a bona fide form of property ownership. As such, they can certainly pay for repairs and make improvements. They can even sell their life estate, however, the buyer of the life estate is divested upon the death of parents.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
can i get a grant to get a house do repairs and pay off bills ?
can i get a grant to get a house do repairs and payy off bills
What happen if a parent dies and they gave the house to there child and took a loan on there home for repairs what happen to the balance of the loan?
the child continue to pay the loan of her his parents
If you move and then rent your house at what point can you start making deductible repairs?
You can make deductible repairs right after you move out to prepare the house for tenants.
What are the ratings and certificates for Mr- Poorluck Repairs His House - 1913?
Mr- Poorluck Repairs His House - 1913 is rated/received certificates of: UK:U
What was signed at the state house?
The Declaration of Independence was signed in the State House in Philadelphia.
Who is responsible for repairs to a lease purchase house?
In most cases, the renter of the lease purchase house is required to do the repairs. The renter should do a full house inspection before signing their contract.
Who is the legal owner of a terraced house chimney and who is responsible for its repairs?
The owner of the house.
Why did Ben Carson's parents divorce?
because bens mother found out that her husband had another family on the side so she rented out the house and signed for a divorce
What is the meaning of dilapidated house?
A dilapidated house is one that is falling down or in need of serious repairs.
What is the error in the sentence these days your house is under repairs?
the correct sentence is the house is under repair.
If the parents has a life estate in the house but the house is in the son name can he refinance the house without permission from the parents?
It would be so much better if the son would communicate with the parents before doing this. With the value in homes fluctuating, he could be risking his parents' residence if he ends up defaulting on a more costly loan. If the refinancing will improve the interest rate, provide money for repairs or for medical bills, it might make sense. Otherwise, the son should look to other avenues for funds.
Can Tucson Movers do great repairs?
No, Tuscon Movers only move your items when you are moving. They do not repair items in your house. Thus meaning, they do not do any repairs, none-the-less great repairs.
