Life Estate With Remainder at Life

Life Estate With Remainder. In the event of the death of a remainderman before the life tenant dies, the remainderman's interest may pass to the deceased remainderman's estate or possibly to the surviving joint remaindermen, depending upon how the joint remainder interests were set up in. Life estate deeds avoid probate, and they are uncomplicated to create.

Life estate deeds avoid probate, and they are uncomplicated to create. The interest remaining after the death of the life tenant is called the “remainder interest”. A life estate is a form of joint ownership that gives a person (the life tenant) ownership rights in property during their lifetime.

Hitler's Berghof Then and Now

Frequently, that division takes the form of a life estate and a remainder. Life estates or remainderman interest (deaths between april 5, 2002 and june 30, 2004**) The life estate and remainder interest are then transferred to different owners. When the life tenant dies, the remaining interest in the property then passes to the next person entitled, historically named the “remainder man”.