Legal Question in Real Estate Law in Wisconsin

property ownership

My wife has 3 siblings and a mother who is no longer able to live in her mortgage free home. Her sister has power of attorney that is in effect and the mother lives with her. The name on the property listing is as follows: last name, first name, life est etal. My wife says all the children are named as owners of the property. My question is 'do all the siblings have a right to decide on the handling of the property or only the only sister with POA??' Your help would be greatly appreciated.


Asked on 5/05/09, 11:03 pm

1 Answer from Attorneys
James N. Graham Accession Law LLC

Re: property ownership

If the mother has a life estate, she (and therefore her POA) only has the ability to transfer her life estate. The title-holders would all need to sign if they wanted to transfer fee simple title.

This is not intended to and does not provide legal advice. Rather, we only offer general feedback which may not be applicable depending upon the totality of the facts. Please contact us directly if you have specific questions or concerns. http://www.Grahamlaw.biz

Read more
Answered on 5/06/09, 6:41 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Wisconsin