A life estate is a type of joint property ownership. It can bypass probate after the death of the life tenant by passing directly to the remainderman or beneficiary.

A life estate is a type of interest in real property. It lasts for the duration of a specific person's lifetime. When that person passes away, the property is transferred automatically to those ...

Life estates take precedence over other estate planning tools and documents, such as wills. That is because when property is transferred through a life estate, the transfer takes place before probate.

Approximately 20 years ago, my husband and I put our home into a life estate. The rest of the land was sold to our farming child, but they ...

The “life estate value” of the donor’s retained right to live on (occupy) the property for both the donor’s or the donor’s and his or her spouse’s actuarial life expectancy. This is a calculation for ...

Life estates typically specify that the occupier must maintain the property to a livable standard and keep current on all property taxes and regular maintenance.

With a revocable life estate deed you would be giving a life estate to your sister and her husband, but you would retain the right to cancel the life estate. Legally, you would retain full ...

At the end of 2025, the historically high estate tax exemption of $13.61 million (plus next year’s increase) per person and $27.22 million per married couple (plus two times next year’s ...

Life estates take precedence over other estate planning tools and documents, such as wills. That is because when property is transferred through a life estate, the transfer takes place before probate.

Given what you say, assuming his second wife has a life estate in his house, you will be able to move into the house or sell it upon her death. This will all become clear during the probate process.