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Life Estate

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Sandy111 Guest	Posted: Tue Feb 01, 2011 8:54 pm    Post subject: Life Estate Like 0 Dislike 0 My Mom did a quit-claim of her condo to herself and new husband a life estate interest for the the balance of thier joint lives with the remainder interest going to her children. Does he loose posession once my Mom dies? Or does he have posession till he dies? My Mom reciently passed. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Tue Feb 01, 2011 10:02 pm    Post subject: Like 0 Dislike 0 Welcome Sandy, If the life estate clause mentions the name of your new husband, then he will be able to stay in the property though your mother is deceased. _________________ Procrastination is the enemy of your financial success

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