Welcome! Please use the navigational links to explore our website.
PartsASAP LogoCompany Logo (800) 853-2651

Shop Now

   Allis Chalmers Case Farmall IH Ford 8N,9N,2N Ford
   Ferguson John Deere Massey Ferguson Minn. Moline Oliver
 
Marketplace
Classified Ads
Photo Ads
Tractor Parts
Salvage

Community
Discussion Forums
Project Journals
Your Stories
Events Calendar
Hauling Schedule

Galleries
Tractor Photos
Implement Photos
Vintage Photos
Help Identify
Parts & Pieces
Stuck & Troubled
Vintage Ads
Community Album
Photo Ad Archives

Research & Info
Articles
Tractor Registry
Tip of the Day
Safety Cartoons
Tractor Values
Serial Numbers
Tune-Up Guide
Paint Codes
List Prices
Production Nbrs
Tune-Up Specs
Torque Values
3-Point Specs
Glossary

Miscellaneous
Tractor Games
Just For Kids
Virtual Show
Museum Guide
Memorial Page
Feedback Form

Yesterday's Tractors Facebook Page

  
Tractor Talk Discussion Board

Re: Life Time Right To A House


[ Expand ] [ View Replies ] [ Add a Reply ] [ Return to Forum ]

Posted by John T Country Lawyer on September 21, 2017 at 05:32:44 from (216.249.81.101):

In Reply to: Life Time Right To A House posted by Hobo,NC on September 20, 2017 at 18:45:14:

Typically as in our State, a person who was "LEGALLY" conveyed a "Life Estate" in real estate has the sole and exclusive right to have and to hold to use and enjoy the property as he or she wishes, they have what's called a "present possessory interest" (dont have to live there, they can rent it if they like, its theirs for their life to do as they please subject to some limitations) to the exclusion of all others. HOWEVER his or her rights can possibly be subject to the rights of the REMAINDERMAN (they are holders of whats called in law a "future estate") which means the life estate holder can NOT commit waste and if so the remainders may have a legal cause of action. Unless the remainders can prove waste, its gonna be a tough burden to make the life estate holder evict someone they allow to live there, its NOT a case Id take on a contingency lol

As an attorney who practices in estate planning, conveyance of a Life Estate is a tool I use often provided alllllllllll the circumstances and wishes and pitfalls are addressed. It can be a good or it can be a bad idea AND THATS WHY YOU SHOULD SEEK TRAINED PROFESSIONAL ADVICE for something that serious that can involve a lot of money and heartaches.

A person who holds a life estate can convey their own interest, but cant obviously convey away the rights of the remainders

NOTE its impossible to explain here 100% accurate what takes volumes and case studies to understand and may also be different in different states SO DONT RELY ON ANYTHING HERE POSTED BY LAY OR PROFESSIONALS ME INCLUSED. There are relevant facts and wishes and issues and local laws that need thoroughly researched before rendering a competent legal opinion.

John T Attorney at Law


Replies:




Add a Reply!
You must be Logged In to Post


:
:
:

:

:

:

:

:

:

Advanced Posting Options

: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.

No political comments, hate speech or bigotry of any kind will be tolerated. Violations will be removed and posting privileges may be permanently revoked without notice.



 
Advanced Posting Tools
  Upload Photo  Select Gallery Photo  Attach Serial No List 
Return to Post 
Upload Photos/Videos
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.

TRACTOR PARTS TRACTOR MANUALS
We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]

Home  |  Forums


Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point ... [Read Article]

Latest Ad: Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor [More Ads]

Copyright © 1997-2024 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters

Website Accessibility Policy