Life Estate Holder: Understanding the Implications of a Fixed End

Life Estate Holder: Understanding the Implications of a Fixed End somebody

The person who is "named" as the "life estate holder" cannot give their interest in the property to someone else, since when their "life estate" ends, the ownership of the property will go back to the previous owner or be given to someone else as a "remainder interest".


These are questions that the above text answers:

1. Can the "life estate holder" transfer their interest in the property to someone else?
2. What happens to the ownership of the property when the "life estate" ends?
3. Can the "life estate holder" give their interest in the property to someone else after their "life estate" ends?
4. Who receives the ownership of the property as a "remainder interest" when the "life estate" ends?
5. Is the "life estate holder" allowed to transfer their interest in the property during their lifetime?
6. What happens to the property if the "life estate holder" passes away before the "life estate" ends?
7. Can the "life estate holder" sell their interest in the property?
8. What are the limitations on the "life estate holder's" ability to transfer their interest in the property?
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