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In the state of VA if property is sold for unpaid taxes does this dissolve the life estate?
Wiki User
∙ 11y ago
Generally, property taxes owed to the town take priority. As the life tenant you should have paid the property taxes if you wanted to remain in possession of the property. You could pay the back taxes, interest and costs and redeem the property within the statutory period of redemption. However, if the taxes remain unpaid the land can be successfully taken and the life estate would be wiped out.
You should consult a local real estate attorney to determine if you have a right of redemption.
Wiki User
∙ 14y ago
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Can the executrix of an estate dissolve the estate without the consent of the beneficiaries?
Certainly, as long as the court accepts the disposition of the property and the settlement of debts. Consult a probate attorney in the state in question.
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Can the executrix of an estate in the state of nc dissolve the estate without the consent of the beneficiaries?
The executrix is responsible to distribute the assets according to the will or the laws. The consent of the beneficiaries is not required.
Is there a statute of limitations in Florida on property deeded half to a living person and half to an estate?
There is no 'statute of limitations' regarding property. It sounds like a life estate that will revert to the estate. You should consult an attorney in your state for specifics.
