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Yes, a remainder man can buy your life estate interest, but it typically requires the consent of both parties and possibly a formal agreement. The transaction may involve negotiating a price that reflects the value of the life estate, which is dependent on factors like the life tenant's age and health. Once the purchase is made, the remainder man would then own both the life estate and the remainder interest. However, legal advice is often recommended to ensure proper transfer and adherence to local laws.
What else can I help you with?
Can a person not on title get homeowners insurance?
Yeah, but you need to make sure you insure for all owner parties and document each insured persons interest in the home. If the home is part of an estate or a probate process, the executor can also buy the policy.
Who is the optionee in real estate?
The optionee is the person who pays the optionor for the right to buy a certain piece of real estate which the optionor owns.
Which real estate company provides listings for cheap properties?
Real Estate Companies that provide listings for cheap properties include Real Estate NZ, Realtor, Real Estate, Zillow, Nolo, PR Web, Real Estate One, Rent Swap Buy, and First National.
Does the spouse have to buy out the heirs of the decease to get the estate?
Whether a spouse must buy out the heirs of a deceased partner to inherit the estate depends on the laws of the jurisdiction and the specifics of the deceased's will or estate plan. In many cases, a surviving spouse has a legal right to a portion of the estate, which may include community property or elective share rights. However, if there are specific bequests to heirs or if the estate is contested, the situation may be more complex. Consulting with an estate attorney is advisable to understand the rights and obligations in such cases.
What type of services are provided by Andrew Estate Agents?
Andrew Estate Agents are a real estate agency located in the United Kingdom. A person can buy a home, sell a home, offer a rental property, or rent a property through this agency.
Can one sell life estate in Ireland?
Yes, you can sell a life estate. It is very difficult to value something that is dependent on the life span of an individual. And few people want to buy a life estate.
Can the owner of the property revoke a grant of lifetime rights?
No. Not unless the right to revoke was reserved in the original grant. A life estate expires when the life tenant dies, by a court order or by their release in writing.
How do you buy in simple fee your life estate?
If you own a life estate and want to own the fee simple in that property then you must buy it from the owner.A person with a life estate has the right to the use and possession of the property for the duration of their natural life or whatever terms were made when the life estate was created. Some other person owns the fee simple in the property and they will acquire the use and possession of the property when the life estate has ended.See related question link.If you own a life estate and want to own the fee simple in that property then you must buy it from the owner.A person with a life estate has the right to the use and possession of the property for the duration of their natural life or whatever terms were made when the life estate was created. Some other person owns the fee simple in the property and they will acquire the use and possession of the property when the life estate has ended.See related question link.If you own a life estate and want to own the fee simple in that property then you must buy it from the owner.A person with a life estate has the right to the use and possession of the property for the duration of their natural life or whatever terms were made when the life estate was created. Some other person owns the fee simple in the property and they will acquire the use and possession of the property when the life estate has ended.See related question link.If you own a life estate and want to own the fee simple in that property then you must buy it from the owner.A person with a life estate has the right to the use and possession of the property for the duration of their natural life or whatever terms were made when the life estate was created. Some other person owns the fee simple in the property and they will acquire the use and possession of the property when the life estate has ended.See related question link.
How can one buy real estate in Atlanta?
One can buy real estate in Atlanta by first searching real estate sites such as Realtor and Trulia. This would allow one to find a house or apartment of interest. After touring the house, he or she would be able to settle on a price for the new home.
Can a life estate deed be rescended by heirs?
No. It can only be released by the life tenant in writing, voluntarily. If the life tenant doesn't want to relinquish the life estate, the heirs would need to buy them out or wait until they have died.
What is a sentences with remainder in it?
The remainder was not enough to buy breakfast.
Can i buy a life insurance policy on anyone?
No. You have to have an insurable interest in the person's life in order to take out an insurance policy on their life.
Can daughters buy life insurance on their father?
Yes. As long as there exists an Insurable Interest between two parties, they can buy life insurance. For instance, there is insurable interest between spouses, parents and their children, and relatives. A daughter may purchase life insurance on her father.
Can my mother and I both have life insurance policies for me?
Yes, your mother can buy a life insurance policy on you because she has an insurable interest in you. And, you can buy a life insurance policy because everyone has an insurable interest in their own life. However, your mother may need your permission and your signature on the application for life insurance that she purchases with you as the insured person.
As a real estate agent, can you buy your own home?
Yes, as a real estate agent, you can buy your own home just like any other individual. However, it's important to follow ethical guidelines and disclose your profession when purchasing a property to avoid any conflicts of interest.
Can you buy life insurance on anyone?
Not anyone. You have to prove insurable interest on that person and they have to sign that it is alright for you to own life insurance on them.
How do you take your ex wife's name off the deed to your house?
Have her sign a Quit Claim deed giving you her rights in the house. Of course, she is likely to want something in return! In other words, you are going to have to buy her share of the house. Just another reason why marriage is a better legal option!
