Legal Question in Real Estate Law in Florida

selling home

Selling to daughter& son-in-law.House is appraised at 166,000 I'm letting them have it for 116,000 on condition I can live in it to.They are fine with that,but I am not sure, is there any contract that would cover something like that?I think I need something in writing. Thank you for advise you can give me. I'm 65 and I have heart failure and can't work.


Asked on 4/17/07, 5:02 pm

3 Answers from Attorneys
Robert Roemer Robert Roemer

Re: selling home

I WOULD SUGGEST THAT AS THE OTHER ATTORNEYS HAVE SAID YOU NEED A SPECIAL CONVEYANCE WITH A LIFE ESTATE TO YOU WITH A REMAINDER TO THEM IF THE ARE STILL MARRIED.In addition,I would suggest that you have your daughter and son-in-law sign a post-nuptial agreement to protect you.If you need help call me because these are not common documents.

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Answered on 4/18/07, 9:44 am
David Slater David P. Slater, Esq.

Re: selling home

yes, you need a life estate in the premises.

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Answered on 4/17/07, 5:05 pm
David Willig David S. Willig, Chartered

Re: selling home

You should have a life estate for yourself, with remainder to your daughter and son-in-law

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Answered on 4/17/07, 5:31 pm


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