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When was The Life Home created?

Updated: 8/21/2019
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9y ago

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The Life Home was created in 2011.

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Can you create a life estate in a will?

A person who owns a life estate cannot leave it to heirs. The life estate expires when the life tenant dies. In another sense a person can inherit a life estate. For example, suppose William is married to his second wife, Sarah. William and Sarah live in the home that William shared with his first wife who died many years ago. It was the family home where he grew up and where he raised his own children. In his will William can leave his home to his children but reserve a life estate for Sarah so that she can continue to live in their home for the duration of her life. When William dies Sarah will inherit a life estate. When Sarah dies William's children will own the property free of her life estate.