Legal Question in Wills and Trusts in Illinois
with a living residence estate who is responsible for the property tax on the house? the living residence or the people the house will be left for? and any repairs or upgrades to the house
Asked on 3/12/10, 12:12 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
I assume you are referring to a life estate. The parties can make any arrangement they deem appropriate, however, the fee owner would have the most to lose if the taxes were not paid. I am certain there is more to this story than your question provides. You should contact an attorney to discuss this matter in detail.
Answered on 3/17/10, 12:29 pm