Who is entitled to proceeds if all life estate heirs agree to sell property?
February 03, 2018 4:33PM
If the life estate holders agree to allow the property to be
sold then they mush sign the deed and by doing that they will
relinquish their life estates. The proceeds from the sale will go
to the remaindermen who own the fee interest in the property. In
order to encourage the life estate holders to relinquish their life
interest the remaindermen may offer a part of the proceeds as an
You should seek the advice of an attorney who can review your situation and explain the options.