Legal Question in Wills and Trusts in New York

My mother's house was put in a life estate for me and my 2 siblings. She now lives in assisted living. We are getting ready to sell the house. Can I remove a portion of my share of the eventual sale of the house before we sell it?


Asked on 1/29/10, 1:59 pm

2 Answers from Attorneys
Michael Markowitz Michael A. Markowitz, PC

I really do not understand your question. If you mean, can your 2 siblings purchase your percentage before the sale, then the answer is yes.

Mike.

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Answered on 2/03/10, 3:45 pm
Walter LeVine Walter D. LeVine, Esq.

I agree with Mike that your facts are insufficient. If I understand the question, you can do a new Deed that changes or eliminates your interest. This has to be recorded before the sale closing to give effect to any changes you make.

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Answered on 2/05/10, 10:57 am


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