Legal Question in Wills and Trusts in New Jersey
life estate
My mother passed away 2 years ago leaving a life estate(3 family home with 2 apts. rented) to 2(disabled) of her eight children. My brother now claims that rental income after property tax should be divided among all siblings. I don't feel that this was Mom's intention and that she wanted the income used to support the 2 children with the life estate. Does my brother have a right to any of this money?
Asked on 1/04/08, 8:20 pm
1 Answer from Attorneys
Bernard J. Berkowitz
Berkowitz & Raiken
Re: life estate
Probably not. A life estate if it is done properly leaves the entire property including rents to the survivors indicated on the Deed. A review of the Deed would be necessary to give a formal opinion. You can call for an appointment.
Answered on 1/07/08, 2:31 pm
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