QUESTION
Can life use individual transfer her life use to someone else...when does it end
Asked on Mar 15th, 2019 on Real Estate - New York
More details to this question:
Grandma life use on property, given to Son..he deeded the land to son he died son with mom still retain ownership..grandma assigns her interest to son an daughter....does it end at Grandmas death or at the son and daughters death
1 ANSWER
1 Award
A life estate lasts until the life tenant dies. I cannot fully follow your post, but if the grandma is still alive, she can assign her life tenancy to someone else, but only for her life.
Answered on Mar 18th, 2019 at 6:21 AM