QUESTION
does a life estate exist if there is no document that describes it?
Asked on Jan 10th, 2014 on Contracts - Texas
More details to this question:
Deceased received oil company shares from parents in the 50s (not life estate) Deceased's acct was designated as a "life estate" years later for unknown reason by unknown entity. No life estate document can be found after thorough search and familly has no knowledge. Oil company suspended account and refuses to issue division orders or pay out accummulated $ until beneficiary information is provided (ie, copy of life estate if found). this has gone on over a year now.
1 ANSWER
Martha Feigenbaum
You need to speak with a probate lawyer and possibly probate the estate of the decedent.
Answered on Jan 14th, 2014 at 2:30 PM