Legal Question in Real Estate Law in New Jersey
Good day,
I am one of the remainder beneficiaries of a life estate deed for my parent's house.
My mother is still alive and she is the life tenant of the house.
My question is: Can I transfer now my future ownership of my share of the house to my son? Can I do it with quit deed?
I basically would like my son to be the remainder beneficiary instead of me.
1 Answer from Attorneys
You can probably do it but it is impossible to tell for sure without more information. If your interest is a vested remainder meaning that it is not subject to a future condition and there are no conflicting family agreements, then you can transfer the remainder interest. If it is a contingent remainder or if there are contract restrictions, the situation may change. Contact an lawyer near you for a review of the documents.
See also: http://info.corbettlaw.net/lawguru.htm
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