The legal owner does. The person who originally granted the life estate.
No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination.No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination.No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination.No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination.
A 'Life Estate' is a right in real property that is measured on the life of the grantee. The definition is consistent in the common law.
No because u were married under a certain age.......a legal age..it depends on the situation
Absolutely, by means of a life estate or other legal instrument.
If you own the life estate it can only be extinguished with your written consent. If you are not the owner then the fee owners may have you removed. It depends on the details of your legal standing to be there.
yes it is yes it is
Yes. Any legal document that affects land must be in writing.
The life tenant acquires the right to the use and possession of the property for the duration of their natural life. The life tenant does not own the fee in the property. The fee is owned by the remainders. Upon the life tenants death the life estate is extinguished and the remainders own the property free and clear of the life estate.
That depends on whether there is a will or not. If a will has been properly executed then the will takes precedence. If there is no will then the estate passes to the current spouse. The previous spouse can attempt to use legal means to gain part of the estate, but the divorce should have already partitioned up the estate. Also descendents of the deceased estate owner may use legal process to gain part of the estate. For a more sure answer speak with an attourney who specialises in your states/areas specific laws on estates.
Unless statute modifies the common law where you are, nothing happens. The life tenant still has a life estate over the property until the life tenant takes some legal steps to alienate that life estate, i.e. 1. by selling it, at which point it becomes and estate pur autre vie, which is just like a life estate, except that it ends when the person dies from whom it was acquired, or 2. dies (which the life tenant may or may not decide to do).
That will depend on the relationship. If it is a spouse, there is likely to be a legal responsibility.