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 ...

Life Estates require only a deed at a county recorder's office. Life tenants can lease or rent the property in their life estate, as if they owned it.

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 ...

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 ...

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.