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Life estate deed - no problem, right?
Jed Carrol 1 year ago

Clients recently came to Jlawrence Realty to sell a home that had been in the family for over 50 years.  Their mom deeded the house to six of her adult children with a reservation of a life estate after their father had passed away.  No issues, correct?  Really? Well, one sibling, we will call him Bob, had also passed away.  What happens to Bob's interest in the family house? Does it go to his estate? To his ex-wife? To his children? Revert back to his siblings?  Hmmmm.

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