Legal Question in Wills and Trusts in West Virginia

Life estate

While both of our parents were living they signed th house over to my sister and i..My father has since expired but mother is alive. The property taxes read my dad and moms name(life estate) and my sisters and my name below. What does life estate mean. Do we actually own the property?

Asked on 1/14/02, 8:18 pm

1 Answer from Attorneys

Jay Goldenberg Jay S. Goldenberg
0 users found helpful
0 attorneys agreed

Re: Life estate

Ownership can be divided. You can conceive of you and your sister *both* owning the property -- you each own part.

In this case, ownership is divided by time. Your mother owns the right to the use of the property during her lifetime. You own the right to the use of the property after her death. Upon her death you will have complete ownership without a new deed, or dependent on her will. She cannot leave the property to anyone else in her will, because she no longer owns the use of it after her death.

Read more
Answered on 1/15/02, 12:15 am

Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in West Virginia

Looking for something else?

Get Free Legal Advice

88953 active attorneys ready to answer your legal questions today.

Probate, Trusts, Wills & Estates Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony SmithLawSmithLee's Summit, MO
Rahul Manchanda, Esq.Manchanda Law Office PLLCNew York, NY
Glen AshmanAshman Law OfficeAtlanta, GA
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now