How is a Life Estate transferred to the Remaindermen?
Full Question:
Looking for a form of conveyance from the Life Estate holder to the remaindermen
03/23/2011 |
Category: Forms |
State: Ohio |
#24474
Answer:
A life tenant can sell or mortgage his or her life interest, but the interest sold or mortgaged is limited to the lifetime of the seller or mortgagee. Although the life tenant can sell the life estate, the buyer would have ownership rights only as long as the original life tenant lived. A remainder interest may also be sold.
