[WSBAPT] Life estate?

[Tom J. Westbrook]

Lisa,

 

Don’t have any authority for this I can point to, but it only stands to
reason that if someone can have a fee interest that is less than 100% then
what prohibits having a life estate for less than 100% interest. My
question is – can only a 50% fee owner give a life estate that affects the
entire fee ownership? It might be that they could give it for their life,
but not extend it to the life of someone else if the grantee lived longer
than the grantor. But I am just thinking about issues – I don’t know for
sure either way. Interesting issue. Best to have all fee owners sign the
life estate conveyance I think.

 

Sincerely,

 

Tom

 

Thomas J. Westbrook

Attorney at Law

 

Thomas J. Westbrook, PLLC

PO Box 1

Littlerock, WA 98556

 

Olympia Office:

Evergreen Plaza Building

711 Capitol Way S.

Suite 101

Olympia, WA 98501

 

Telephone: 360-357-7400     

Facsimile:  360-357-7414

Email:          <mailto:tjw at w3net.net> tjw at w3net.net

Skype: thomas.westbrook

 

The information contained in this email and attachment(s) are for the
exclusive use of the addressee(s) and may contain private, privileged
and/or confidential information.  If you are not the addressee, you are
strictly prohibited from reading, photocopying, distributing or otherwise
using this email or its contents in any way.  If you have received this
communication in error, please notify us immediately by telephone at
360-357-7400 or by e-mail to cjw at w3net.net, and destroy the original
message from your electronic files.

 

From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of Lisa Schuchman
Sent: Tuesday, May 20, 2014 4:49 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Life estate?

 

Can we do a testamentary life estate for a half interest in real estate?
The prospective life tenant owns the other half.  What do you think?

 

Lisa E. Schuchman
206-325-2801
www.lisaschuchman.com <http://www.lisaschuchman.com/> 

Education is what you get when you read the fine print.  Experience is
what you get when you don’t. -Pete Seeger

 

NOTE: I do not use encrypted email.  Messages sent to or from my office
via email are not secure and may not be protected by attorney-client
privilege. This email address is not monitored at all times.  If your
matter is urgent, please phone my office during regular business hours.  

 

Any tax advice included in this document and its attachments was not
intended or written to be used, and it cannot be used, for the purpose of
avoiding penalties under the Internal Revenue Code.

P  Please consider the trees before printing this document

 

=======================

- To contact the list administrator, send a message to:
webmaster at wsbarppt.com

- To unsubscribe, send a new email addressed to: imail at lists.wsbarppt.com,
with the following in the body of the message: unsubscribe wsbapt - OR -
send a message to webmaster at wsbarppt.com asking that you be removed from
the wsbapt list.

Information provided on this list should not be considered legal advice.
As with all lists - let the reader beware! No warranties or
representations are made as to the accuracy of any information provided.
All opinions and comments in this message represent the views of the
author and do not necessarily have the endorsement of the Washington State
Bar Association nor its officers or agents. 

=======================


- To contact the list administrator, send a message to:
webmaster at wsbarppt.com

- To unsubscribe, send a new email addressed to: imail at lists.wsbarppt.com,
with the following in the body of the message: unsubscribe wsbapt - OR -
send a message to webmaster at wsbarppt.com asking that you be removed from
the wsbapt list.

Information provided on this list should not be considered legal advice.
As with all lists - let the reader beware! No warranties or
representations are made as to the accuracy of any information provided.
All opinions and comments in this message represent the views of the
author and do not necessarily have the endorsement of the Washington State
Bar Association nor its officers or agents. 

-------------- next part --------------
A non-text attachment was scrubbed...
Name: winmail.dat
Type: application/ms-tnef
Size: 9022 bytes
Desc: not available
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20140521/62cd8b8d/winmail.dat>