It is a right to property for as long as the person with the life estate is alive. A life estate is usually seen when Person A gives Person B property, but Person A wants to have the right to use the property while Person A is alive. After Person A dies, Person B becomes the owner of the property. Person B doesn't have the right to do anything with or on the property as long as Person A is alive.
Where do I get a copy of a deed for a life estate?
There are no blank forms for a life estate. Because special language has to be included to make sure the life estate is created and is legal, it is best that you talk with a lawyer familiar with property law to make sure it is set up correctly.
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SUCESIÓN EN VIDA
¿Qué significa una sucesión en vida?
Significa que la persona que tiene una escritura de sucesión en vida tiene derecho a la propiedad mientras esté viva. Una escritura de sucesión en vida normalmente se usa cuando la Persona A le da una propiedad a una Persona B, pero la Persona A mantiene su derecho de dueño de la propiedad mientras vive. Después de que la Persona A muere, la Persona B se convierte en dueño de la propiedad. Persona B no tiene derecho de hacer nada con o en la propiedad mientras Persona A esté viva.
¿Adónde puedo conseguir una escritura para sucesión en vida?
No existen escrituras en blanco para hacer una sucesión en vida. Debido a que es necesario usar un lenguaje especial para asegurarse de que la sucesión en vida ha sido creada y es legal, es recomendable hablar con un abogado con experiencia en leyes referentes a propiedades o bienes, para asegurarse que la sucesión se haga correctamente.
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Last Reviewed On: 03/24/05
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