Legal Question in Wills and Trusts in Georgia
Life Estate
I was willed a life estate in my mother's home. The house is in need of repairs. If I make the repairs and sell it can I minus the repair bills before disbursing to heirs. I am also obligated to make two mortgage payments on the house so if I also have to repair it, I would be better off to go ahead and sell. I am also the executrix of her will.
Asked on 7/11/09, 10:25 pm
1 Answer from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: Life Estate
If you truly have a life estate, there is no way to sell the property unless the persons with the remainder interest sell their interest too.
You are in a situation where you need a lawyer's advice and assistance. Much of what you want to know cannot be answered without seeing the will.
Answered on 7/12/09, 12:03 am