Legal Question in Wills and Trusts in New York

life use property

my mother is in a nursing home. She is 91 years old and according to the doctors will never be able to come home. My sister and I have deed to the property and my mother has life use. Do we have a way that we can sell the property while she is still living so that we do not have to pay the expenses?Is there a formula based on ones age to determine the amount due for the life use of property? She has just been placed on medicaid so it is hard for us to pay the bills to keep the place up.


Asked on 9/24/07, 2:08 pm

1 Answer from Attorneys
Norman Nadel Norman Nadel, Esq.

Re: life use property

Your mother (or her guardian or attorney-in-fact) has to sign the deed along with you and your sister. Any title company or insurance company can furnish you with the actuarial charts to determine how the funds are to be distributed.

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Answered on 9/24/07, 3:41 pm


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