Legal Question in Wills and Trusts in New York
Living Trust Deeds
My Aunt deeded her home to her other neice she stipulated in the deed that my Aunt would have living use of the home. The neice has now died. Does the home go back to my Aunt or does it belong to the Neice's estate?
2 Answers from Attorneys
Re: Living Trust Deeds
It depends on the natrue of the deed transferred.
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Re: Living Trust Deeds
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Assuming that your Aunt reserved a life estate for herself and deeded a remainder interest to her Niece, the remainder becomes part of the Niece's estate upon your Aunt's death. For her lifetime, the house is still your Aunts.