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If a man puts his house in a life estate for his children with the right to live there until death then builds a garage onto the house with his own money who owns the garage?
Wiki User
∙ 15y ago
In most states, in the process of creating a life estate an owner of real property conveys the property by deed and reserves a life estate for himself. The owner has effectively conveyed the fee to the land and title is now in the grantee. You, the life estate holder, have only the use of the land and the right to occupy it. You do not have the right to cause any damage to the property. You may need to ask permission to build a garage since the owners may consider it undesirable to attach a structure to the existing dwelling. If you built a garage on property for which you own a life estate you may be able to move it off the property during your life but only in such a way so as not to cause any damage to the property. If not then it is part of the real estate. You should seek the advice of an attorney in your area who can review your reservation of your life estate and any other rights you reserved to yourself in your deed. However, the bottom line is that your children own the garage.
Wiki User
∙ 15y ago
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Can a collection agency go after children after a parent death for rent beyond the end of the month when the parent died when there was no probate?
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Who determines who gets the estate after my mothers death?
If your mother had a will then that will likely determine where her estate will go after her death. If not, then her estate will pass through intestacy in which the court goes down the family lines (husband, then children, then grandchildren, parents, siblings, etc) until there is someone to give it to. If your mother is still alive, I urge you to talk to her about drafting a will.
If I die and did not have a will but my wife had a will would my children get my share of our estate?
Your wife's will has nothing to do with your death - if you don't have a will, you will be subject to the intestacy laws of your state, which will determine who gets what. Now, if you die without a will, your wife will get the lion's share of your estate, so that when she dies, what was yours that became hers becomes part of her estate. If you're at all concerned about what is going to go to your children, call an estate attorney and draft a will.
How do siblings file for parent assets after death with no will?
Petition the court to open the estate. They can ask that one of the children be appointed as the executor. The court will issue a letter of authorization to the executor to inventory and clear out the estate.
Are children responsible for parent debt after their death in VA?
The child is not responsible for the debts of the parents. The estate has to resolve all of these before they can close it out.
Can a parent's debt fall on his children after the parent's death if the parent has no estate to speak of?
Not sure if the same applies worldwide but certainly not in the UK
Can a mother will or transfer her life estate to one of her children in the state of Florida?
A life estate is extinguished upon the deah of the original life estate holder. Therefore, one cannot leave a life estate to another person in their will. Generally, rights in a life estate can be transferred, however, they would expire upon the death of the original life estate holder.
Do indigents pay death tax?
"Death Tax" refers to an Estate Tax. If your estate is worth $1,500,000 or less the estate is exempt from an estate tax. I assume most indigents don't have an estate that is worth that much.
