Legal Question in Wills and Trusts in New York
My mother's house was put in a life estate for me and my 2 siblings. She now lives in assisted living. We are getting ready to sell the house. Can I remove a portion of my share of the eventual sale of the house before we sell it?
Asked on 1/29/10, 1:59 pm
2 Answers from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
I really do not understand your question. If you mean, can your 2 siblings purchase your percentage before the sale, then the answer is yes.
Mike.
Answered on 2/03/10, 3:45 pm
Walter LeVine
Walter D. LeVine, Esq.
I agree with Mike that your facts are insufficient. If I understand the question, you can do a new Deed that changes or eliminates your interest. This has to be recorded before the sale closing to give effect to any changes you make.
Answered on 2/05/10, 10:57 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
