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Enhanced life estate deeds

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slawton@htcomp.net Guest 0.10 Dollars($)	Posted: Tue Apr 22, 2008 7:24 am    Post subject: Enhanced life estate deeds When an owner/grantor has an enhanced life estate deed drawn up to convey ownership of his/her home after death, does the owner/grantor still have the benefit of a homestead exemption on the property until he dies? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 1346 Location: ALASKA 122.17 Dollars($)	Posted: Tue Apr 22, 2008 9:54 pm    Post subject: Welcome Slawton, I think the grantor will be able to get the benefit of homestead exemption because he retains the right to occupy it as well as sell it by revoking the life estate if required, even without the beneficiary's consent. _________________ Procrastination is the enemy of your financial sucess
Caron Moderator Joined: 19 Jul 2005 Posts: 1403 Location: florida 235.65 Dollars($)	Posted: Wed Apr 23, 2008 5:58 am    Post subject: RE: enhanced life estate deed and homestead exemption Hi Slawton, A transfer of property using an enhanced life estate deed does not prevent the grantor from getting homestead exemption. However, if you can let me know the state where you reside, it will be easier for me to provide the exact information. Just in case you'd like to check out more on Enhanced life estate deed , please refer to a previous discussion in forums. Good luck _________________ Mortgage Shopping made easy with booklet

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