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He should consult with an attorney about drafting a deed granting his wife a life estate in the property. The matter should be handled by an attorney who can review the situation and explain the options and consequences.

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14y ago

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Related Questions

What has the author Ruth Rejnis written?

Ruth Rejnis has written: 'The Everything Homeselling Book (Everything)' 'Squeeze your home for cash' -- subject(s): Finance, Personal, Personal Finance, Real estate investment 'A woman's guide to new careers in real estate' -- subject(s): Vocational guidance, Real estate business, Women in real estate 'The Everything Saints Book'


What happens to a home that is not sold and is part of an estate and the estate can no longer pay for the upkeep of this home?

The estate will have to sell or abandon the home.


What is the difference between infrastructure and real estate business?

Real estate is land and everything permanently attached to it -- so a house is real estate, but a mobile home is personal property. Infrastructure is roads, bridges, sewer lines, etc. Since these items are permanently attached to the land, they are part of the real estate (a subset of real estate).


What is a go ahead home run?

a go ahead home run is where you have the lead by more than 2 and hit a home run. it doesnt change anything you just have another point.


Can beneficiaries of an estate have access to an unoccupied home and its contents during the probate process?

If the executor wishes to allow it. They are responsible for making sure everything is inventoried and valued.


Can an executor fix home with estate funds?

If the home is a part of the estate, they certainly may do so. The executor is responsible for all the assets of the estate. That would include reasonable repairs to a home.


How may computer change the home?

It can change it because it can make everything a whole lot easier. That's why I always use my computer to do my homework.


Does residuary distribution mean the actual land and home?

The residual is everything left after the debts of the estate is settled and specific bequests are resolved. It refers to anything that is left after any specific bequests are satisfied. The residue is everything left over that is not specifically listed or named, which could include land and a home.


What if a Life estate was put in more then one name can home be sold?

A home that is subject to a life estate cannot be sold without the written consent of the life estate holder.


Is your home part of your estate?

If you own your home at the time of your death it will become part of your estate. If the title is held jointly with another person the title will pass automatically to that person at the time of your death and the home will not become part of your estate.


When was Dupee Estate-Mary Baker Eddy Home created?

Dupee Estate-Mary Baker Eddy Home was created in 1881.


How do you know if you love your spouse more then he loves you?

if he treats you right, does everything in his power just to be with you, comes straight home from work just to spend time with you than yeah he loves you but if he doesnt do one of them then get a divorce cause its not worth it if you love him but he doesnt feel the sam way.

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