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what is a deed of gift

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Icon Mini Profile rosannc





Joined: 20 Feb 2011

Posts: 2

1.60 Dollars($)
Post Posted: Sun Feb 20, 2011 10:29 am    Post subject: what is a deed of gift
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deed of gift was drawn up which gave my son and his wife
tenants by the entirety with rights of survivorship
i retain a life interest with upon my death they are to own the property

do i have any rights?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Sun Feb 20, 2011 7:39 pm    Post subject:
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Hi rosannc,

If you retain a life estate on the property, then you will be able to stay in the property until death though you won't be considered as the owner of the property.

Thanks
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