• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

life estate

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

Cindy544

Junior Member
What is the name of your state?What is the name of your state? Florida I have deeded my mom's house over to my two daughter's. The house is in Maine . I also gave my sister a life estate on that house. Unknown to me, I gave her more then I wanted to. I didn't want to have it read that she could have just any one living there. Like her son and family. Is there any way I can recind on that and either do away with it or change how it reads ?? Thank you very much .

Cindy Kennealy
 


BelizeBreeze

Senior Member
Cindy544 said:
What is the name of your state?What is the name of your state? Florida I have deeded my mom's house over to my two daughter's. The house is in Maine . I also gave my sister a life estate on that house. Unknown to me, I gave her more then I wanted to. I didn't want to have it read that she could have just any one living there. Like her son and family. Is there any way I can recind on that and either do away with it or change how it reads ?? Thank you very much .

Cindy Kennealy
What does the deed say EXACTLY and is your sister also living in the home?
 

Cindy544

Junior Member
Life estate

The house in question is in the state of Maine. My sister lives in it 6 months of the year. The other six she lives in Florida. She has had her son there for six months and he is still there while she is living in Florida. I think it reads that she can have any one living there. Is there a way I can change the wording ??
 
Last edited:

Cindy544

Junior Member
life estate..

Belize, I do not have a copy of it here. My daughter in Maine has it. She has had her lawyer look at it and he said she can have any one there. I don't own the house any more. I gave her the life estate when I owned it. does that make a difference ?
 
Last edited:

BelizeBreeze

Senior Member
Cindy544 said:
Belize, I do not have a copy of it here. My daughter in Maine has it. She has had her lawyer look at it and he said she can have any one there. I don't own the house any more. I gave her the life estate when I owned it. does that make a difference ?
To whom did you sell it? I think you have no idea what's going on and that's why you need a copy of the deed.

Call the county courthouse where the home is located and ask them to send you a copy of the deed.

Giving life estate does NOT convey ownership interest in the home. Unless you sold the home you still own it.

And if your daughter went to an attorney why are you asking now?
 

seniorjudge

Senior Member
BelizeBreeze said:
To whom did you sell it? I think you have no idea what's going on and that's why you need a copy of the deed.

Call the county courthouse where the home is located and ask them to send you a copy of the deed.

Giving life estate does NOT convey ownership interest in the home. Unless you sold the home you still own it.

And if your daughter went to an attorney why are you asking now?
Waiting with baited breath....
 

divgradcurl

Senior Member
Cindy544 said:
The house in question is in the state of Maine. My sister lives in it 6 months of the year. The other six she lives in Florida. She has had her son there for six months and he is still there while she is living in Florida. I think it reads that she can have any one living there. Is there a way I can change the wording ??

Well, you can't change anything, because you have no interest in the house anymore -- once you gave the house to your daughters, they own the house, not you, and you have no authority to do anything with the house.

Further, your daughters may not change the extent of the life estate without approval from the life tenant. It's sort of like a lease or other contract -- you can't simply make unilateral changes to the lease or contract before the expiration of the lease or contract. If you want to make any changes, the tenant has to agree with the changes.

When you grant a life estate, the life tenant gains a "possessory" interest in the land -- like any other tenant, she can use the property how she wishes, including renting out or leasing her interest in the land, or even selling her interest in the land. Of course, the lease, rental or sale is only good for as long as the original life tenant -- your sister -- is still alive. The only restrictions on the life tenant's use of the property are either those given in the grant -- which are probably no restrictions in this case -- and the restriction that the life tenant may not cause "waste" to the property -- in other words, the life tenant may not do things that cause the value of the property to decline, like fail to maintain improvements, or mine or log the property, etc.

In other words, your sister can have whomever she wants living in the house, right up until the day she dies. If you want to change that, your daughters will need her permission to do so.
 

divgradcurl

Senior Member
Cindy544 said:
Belize, I do not have a copy of it here. My daughter in Maine has it. She has had her lawyer look at it and he said she can have any one there. I don't own the house any more. I gave her the life estate when I owned it. does that make a difference ?

No, it doesn't make a difference. In ANY real estate transaction of any kind, you can only transfer what you actually own. When you granted the life estate to your sister, you were left with a "reversion" -- in other words, upon your sister's death, the property would "revert" back to you. So, when you deeded the property to your daughters, you didn't really deed them the property itself, you deeded them the reversionary interest in the property -- that's all you could deed them, because that's all you owned at the time.

It's similar to selling a house which is being leased by another -- when the new owner takes the property, they get it with the lease intact, and have to abide by the lease.
 

divgradcurl

Senior Member
Giving life estate does NOT convey ownership interest in the home.

BB, just to be clear, that's not a correct statement. A life estate is an ownership conveyance, it's just not a fee simple conveyance, so the life estate owners doesn't have the full ownership rights that a fee simple owner would have. But during the duration of the life estate, the life tenant IS the owner of the property -- but, since the life tenant is not an owner in fee, there are restrictions on the life tenant, such as not being able to sell a fee simple interest in the property, nor is the life tenant allowed to commit waste.

Look at it from another angle -- during the life estate, the owner of the reversionary interest (or the remaindermen, if the property reverts to someone other than the life estate grantor), can do NOTHING with the property -- they cannot sell the property, or rent the property, maintain the property, or even ENTER the property -- only the life tenant has those rights during the period of the life tenancy. So its a real ownership interest, just not as "good" an ownership interest as is a fee simple interest.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
Top