Legal Question in Wills and Trusts in Ohio

Establishing a life estate

How can a "Life Estate" be established? I would like to designate a person who will have the right to reside in a dwelling I own until their death. I have named the property in a trust for my heirs and want it to revert to said heirs after the person named in the life estate is deceased or decides not to be a resident at the property.


Asked on 6/16/00, 5:19 pm

2 Answers from Attorneys
David Looney David A. Looney Co. LPA

Re: Establishing a life estate

A life estate can be established by executinig a new deed which grants the life estate. Or, you can address the bequest in your will or trust by making a codicil or amendment to the trust, assuming that it is a revocable trust.

Regards,

David A. Looney

Attorney at Law

330-785-3337

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Answered on 8/16/00, 6:49 am
Gregg Manes Gregg A. Manes, Esq.

Re: Establishing a life estate

The easiest way to grant a life estate is with a deed granting a life estate. An attorney can assist you in the preparation and execution of this deed.

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Answered on 8/17/00, 5:03 pm


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