0
What happens when owner of property dies and wills property to one person and another have lifetime rights?
Wiki User
∙ 13y ago
The person with the life estate has the right to the use and possession of the property for the duration of their natural life. The person who was given the property in the will is the fee owner and will own the property free and clear after the death of the life tenant or when the life tenant releases the life estate in writing.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Who name is a deed in if they have a lifetime dowry?
Person has lifetime dowry to live in home on the property, but property is deeded to someone else. If the person with the lifetime dowry moves out of the home and then moves backs did they relinquish thier lifetime rights?
What is life estate in Fla?
A life estate is a right in real property based on the life of a person. It allows that person the use of the property for their lifetime.
What happens when the person who has a lifetime estate abandons the property?
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
Who is a person who is the property of another person?
Women
What do you call a person who is the property of another person?
slave
What happens when one person in joint tenancy deeds his portion to another person?
A conveyance by one joint tenant breaks the survivorship tenancy and the property is held as tenants in common.
How does a foreclosure affect an investor purchasing a property at auction?
the person could go into a lifetime of debt....NOT GOOD!
Does property go into the persons name that is given lifetime rights to it?
No. That person does not own legal title to the property. They simply have the right to the use and possession as long as they live.
If someone has lifetime rights what happens when they get a power of atterney?
Power of attorney has no effect on lifetime rights, except that now the person named in the power can exercise the rights in the name of the person who gave the power.
Stealing of another person's mining property?
a shaft
The act of unlawfully entering into another's property is?
The act of unlawfully entering into another person's property, for instance their home or vehicle, is simply called "unlawful entry". Another word that covers the situation when a person enters property without permission is "trespassing".
What rights does a person have in the property when the spouse has a life estate?
A life estate gives the spouse the right to possess and use the property during their lifetime. The spouse has limited rights to alter the property or pass it on in their will, as the ownership reverts to the remainderman upon their death. The remainderman has a future interest in the property and will gain full ownership upon the spouse's death.
