Can my father transfer a life estate property to us before his death?

Full question:

My mother left my father a life estate to her property and upon his death the property is transferred to me and my siblings. Can my father to a quit claim deed prior to death and transfer the property to us? He wants nothing to do with the property and has never lived there.

Answer:

Yes, your father can transfer the property using a quitclaim deed. If he conveys his interest to you and your siblings, the life estate will end, and the property will be transferred to you as the remainder beneficiaries.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A remainderman does not own the property while the life tenant is alive. The remainderman has a future interest in the property, which means they will receive ownership once the life estate ends, typically upon the death of the life tenant.