Planning for Life

A Peril of Life Estates, and Three Solutions

Posted by Harry S. Margolis on November 2, 2020

By Harry S. Margolis

life-estates-deed-remainder-interest-Wellesley-MA-02481

We were recently contacted by a new client who had apparently forgotten that about 10 years earlier, she executed a life estate deed transferring the remainder interest in her house to two of her daughters. Unfortunately, one of them has since passed away and she is estranged from the other.

She now wants to sell the property, but can't without the cooperation of the estranged daughter and of the estate of the deceased daughter. They are also both entitled to a share of the sale proceeds. She contacted us to see what she could do about the situation.

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Topics: life estate, power of appointment

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