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What are the Texas life estate provisions? No, however,

Customer Question
What are the Texas life...
What are the Texas life estate provisions?
JA: Has anything been filed or reported?
Customer: No, however, thinking of transferring property to family, but, would like to continue living here.
JA: Anything else you want the lawyer to know before I connect you?
Customer: No, just want to transfer property, but, want to continue to live here
Submitted: 1 year ago.Category: Legal
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Answered in 5 minutes by:
10/1/2016
Lawyer: Dwayne B., Attorney replied 1 year ago
Dwayne B.
Dwayne B., Attorney
Category: Legal
Satisfied Customers: 34,054
Experience: Began practicing law in 1992
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Hello and thank you for contacting us. This is Dwayne B. and I’m an expert here and looking forward to assisting you today.

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Lawyer: Dwayne B., Attorney replied 1 year ago

Are you asking what a life estate is?

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Lawyer: Dwayne B., Attorney replied 1 year ago

A life estate is the right of a person to reside in a property for the remainder of their lives oe as long as they want to.

This is usually used as an estate planning tool so that a person can sell or deed a house to someone else to avoid it being considered an asset if they have to go into the nursing home or hospital but the owner still wants to live there the remainder of their lives or.

If your question has been answered then I'd offer my best wishes to you and ask that you please not forget to leave a Positive Rating so I receive credit for my work. Of course, please feel free to ask any follow up questions in this thread. I want to be sure that all of your questions are answered.

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Customer reply replied 1 year ago
Thank you. Great service from you.
Lawyer: Dwayne B., Attorney replied 1 year ago

You're very welcome.

If your question has been answered then I'd offer my best wishes to you and ask that you please not forget to leave a Positive Rating so I receive credit for my work.

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Dwayne B.
Dwayne B.
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Category: Legal
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Experience: Began practicing law in 1992

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