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Posted: Sat Oct 24, 2009 7:57 am Post subject: life estate deed

If one has changed a deed to a life estate naming their children to have the home when they die, and the life estate states the current owner has the right to sell the p
roperty, what kind of deed is this?

I live in Massachusetts.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

May be this will help you

http://www.mortgagefit.com/know-how/ladybirddeed.html#lifeestate

They have some good discussion

adonis · Posted: Sun Oct 25, 2009 9:34 pm Post subject:

Hi Guest,

A life estate clause can be added to a quitclaim deed or a warranty deed. The life estate deed will allow the grantor to stay in the property until death. However, the grantees would be considered as the owner of the property. If you are unable to understand the type of the deed, then you should contact a real estate attorney in order to understand it.

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