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Life Estate

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cmundello Joined: 25 Jan 2011 Posts: 1 1.00 Dollars($)	Posted: Tue Jan 25, 2011 8:23 pm    Post subject: Life Estate Like 0 Dislike 0 My father has a life estate on a house in my name. He is going into an independent living facility. Can I sell the house as he will no longer be able to live by himself?
adonis Joined: 22 Oct 2005 Posts: 10570 Location: ALASKA 1090.22 Dollars($)	Posted: Tue Jan 25, 2011 9:11 pm    Post subject: Like 0 Dislike 0 Hi cmundello, As you're one of the owners of the property, you will be able to sell off the property. _________________ Procrastination is the enemy of your financial success
bmwplayer46 Joined: 24 Jan 2011 Posts: 4 1.46 Dollars($)	Posted: Wed Jan 26, 2011 3:17 am    Post subject: Like 0 Dislike 0 I don't know with certain but the question of survivor clause may be asked by the court of law. So, you should look for the title documents and seek any attorney to help you around.I am sure you will find a better solution as you want.
Guest	Posted: Thu Jan 27, 2011 10:00 am    Post subject: Like 0 Dislike 0 No. Title isn't in your name yet so you can't sell it. However, you can sell it if you have a Durable Power of Attorney.

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