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Life estate remainderman -- am I protected? |
9 years ago my dad passed the title of the house to me with my dad having a life estate. this was done because my sibling wanted to throw me out of the house and wanted to move in with his wife and kids with my dad. My dad did not trust my sibling and felt since I was taking care of him he wanted me to have the house when he passes on. Now my sibling has said he will sue me for the house. I know its all threats but a lawyer told me that even though my dad gave me title deed to the house and willed the house to me my sibling can sue me because he can put a claim on a life estate. so my question is what are my rights. can I once again be threatened to be thrown out the house that I live in with my dad? been to a couple of lawyers all contridicted each other all said my brother most likely will sue me and get half the house regardless that the title deed of house was passed to me 9 years. I think im being jerked around with the advice of lawyers I went to,it seems like they are making suggestions as a way to make money. When your dad died, the life estate died with him and the property passes as directly to you as the record title holder. A life estate is only good so long as the life-in-being, you dad, exists. If your father were still alive, then he could have a claim to a share of the life estate, but upon his death, basically all your brothers rights to the house died with him. It should be your free and clear as the titel holder. In just about every jurisdiction, a life estate terminates with the life of the person holding it. The above answer is absolutely correct (10 points to him). The impact is simply this. CJ ! nope coragryph is quite astute...hey coragryph can u help me sue my old boss for mobbing discrimination and harrassament? Check the deed to the house to see if it has the statement," right of survivorship." You said your father is still alive, have him check with his lawyer about the deed and his estate.Your best bet is to contact an estate attorney, your father may have to leave your brother a small amount of money.I went through the same thing before my mother died, and I know how stressful this time is for you. God bless you for what you are doing. |
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