Q: What does it mean when dealing with a trust “Consent and termination of the life estate”
My parents named me as successor of their home and before my mother passed she had an amendment put in that named my son as the successor trustee with me as the survivor trustee. In the amendment it says
A. DISPOSITION OF SETTLORS' HOME: we direct that (me) and (my son) receive a life estate ni our home, with ownership of the home transferred to (my son) either upon (me) consent and termination
of the life estate, or upon (me) death.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
- (865) 637-3035
- View Profile
- Answered
A: It sounds unprecise but unless there are other relevant or inconsistent terms, you should be able to give to your son your life estate or possibly a remainder. You could do that without the trust language.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
