If you are named the remander man in a life estate, what rights do you have?Can you sell your interest?Can you make decisions about the life estate?
State/Country relating to question: Texas
Hi - my name is XXXXX XXXXX X'X a Family Law litigation attorney here to assist you.As the remainderman, you don't own anything until the life estate expires. Instead, your right is simply to inherit whenever the estate ends. Thus, you can't sell what you don't own. Also, you don't have a right to make any decisions regarding the life estate. Instead, you must wait until you receive title to the property before you can legally act.
BV Rated by Martindale-Hubbell; SuperLawyer rating by West
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).