0
What happens if the grantor signs a warranty deed with reservation of life estate and power to sell and the grantee dies before the grantor?
Wiki User
∙ 12y ago
The grantee in a life estate is the life estate owner. If they die the life estate is extinguished and the property is free of the life estate.
However, if you have your terms reversed please review the following. The grantor is the person who owns the property. The owner can grant a life estate and that person is the grantee. If the grantor dies the decedent's heirs would inherit the fee to the property either by will or under the state laws of intestacy. However, the life estate owner retains their life estate and the heirs acquire title subject to the life estate. The life estate owner would still have the right to the use and possession of the property for the duration of their natural life. They would also be subject to any statutory law regarding the obligations of a life estate owner in maintaining the property, paying taxes, maintaining insurance, etc..
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoOnce an easement has been granted it generally runs with the land until the owner of the easement right releases it in writing. The death of the grantor does not generally affect what was granted unless that is recited in the original grant. You should review the document that created the easement to see if there was further information that described it.
Wiki User
∙ 12y agoGenerally, the grantee owns a remainder interest in fee that would pass to her/his heirs upon their death.
If the grantor reserved the right to sell the property, which is an enhanced life estate in states such as Florida, they can convey the property to another person while they are still living.
You need to consult with an attorney in your particular jurisdiction who can review the situation and explain the consequences under your state laws.
Generally, the grantee owns a remainder interest in fee that would pass to her/his heirs upon their death.
If the grantor reserved the right to sell the property, which is an enhanced life estate in states such as Florida, they can convey the property to another person while they are still living.
You need to consult with an attorney in your particular jurisdiction who can review the situation and explain the consequences under your state laws.
Generally, the grantee owns a remainder interest in fee that would pass to her/his heirs upon their death.
If the grantor reserved the right to sell the property, which is an enhanced life estate in states such as Florida, they can convey the property to another person while they are still living.
You need to consult with an attorney in your particular jurisdiction who can review the situation and explain the consequences under your state laws.
Generally, the grantee owns a remainder interest in fee that would pass to her/his heirs upon their death.
If the grantor reserved the right to sell the property, which is an enhanced life estate in states such as Florida, they can convey the property to another person while they are still living.
You need to consult with an attorney in your particular jurisdiction who can review the situation and explain the consequences under your state laws.
Wiki User
∙ 13y agoThe fee to the property will pass according to the testator's will or according the the state laws of intestacy if there is no will. Whoever inherits the fee will take title subject to your life estate.
Wiki User
∙ 12y agoGenerally, the grantee owns a remainder interest in fee that would pass to her/his heirs upon their death.
If the grantor reserved the right to sell the property, which is an enhanced life estate in states such as Florida, they can convey the property to another person while they are still living.
You need to consult with an attorney in your particular jurisdiction who can review the situation and explain the consequences under your state laws.
Wiki User
∙ 10y agoThe life estate will last as long as the beneficiary lives. The estate will have to remain open until that point in time.
Wiki User
∙ 11y agoDeed go back to life estate owner
Add your answer:
Earn +20 pts
What happens to a warranty deed if the grantee has failed to execute which is otherwise properly drafted and delivered?
The grantor executes the deed. Once it has been properly executed and delivered the grantor no longer owns the property. If the grantee doesn't record the deed in the land records they are creating a title defect that will be costly to clear up if the deed should become lost. Grantees who don't record their deeds are foolish in not taking advantage of a system that would defend their title to land against the world. An unrecorded deed robs your rights and the rights of your heirs to the absolute ownership of the land. On the other hand, if you mean what happens to a properly executed deed if the grantor hasn't signed it- it is worthless if not fully executed by the grantor.
What happens if a Quit Claim Deed is executed and before it is recorded an Attorney Lien is recorded on the property even though the person owing the debt is the one who executed the quit claim deed?
The lien is valid. A quit claim deed merely transfers the seller's interest in the property; it doesn't guarantee that the deed is free of any encumbrances - for that, one needs a warranty deed.
If a quick deed is sign on a house while someone is alive but then passes away what happens?
Should be valid. Get title changed before it gets into probate.AnswerThe law varies from state to state. You need to consult with an attorney to see if the conveyance is effective in your jurisdiction. Some states require proof that the deed was delivered from the grantor to the grantee.
Can a married couple quit clam property to one another being both the grantee and grantor?
No, a married couple cannot quitclaim property to one another, as they both have an existing legal interest in the property as spouses. However, they can transfer their interest in the property to a third party through a quitclaim deed. Alternatively, they may consider other types of property transfers, such as a warranty deed or a marital property agreement. Consulting with a lawyer is advisable for guidance in specific cases.
What happens if an executor does not have a power of attorney document?
A power of attorney expires on the death of the grantor. The executor needs a letter of authority.
How long does it take after a deed is recorded for it to be valid?
A deed is valid against the world the moment it is recorded as long as the grantor owns the land. See related question.A deed is valid against the world the moment it is recorded as long as the grantor owns the land. See related question.A deed is valid against the world the moment it is recorded as long as the grantor owns the land. See related question.A deed is valid against the world the moment it is recorded as long as the grantor owns the land. See related question.
What services are offered at Warranty Direct?
They can provide car, van, motorbike and home warranties. If your possesions are under warranty and something happens to damage your property or it is stolen then as it is under warranty then it can be replaced. Your warranty premiums will go up though.
How do you you change the names on the deed of your house?
Changing names on deeds typically happens for one of several reasons including legal name changes, death, convenience or conveyance. If there is a mortgage, you will need permission from the lender. Any new deed with changed names changes ownership. The people currently named on the deed (grantor) will execute a new deed to the newly named people (grantee). The grantee(s) on the new deed are the new owners. Deeds should always be drafted by a professional. Errors made by non-professionals can be costly to correct it they can be corrected. As soon as a new deed is executed it should be recorded in the land records.
What happens to the durable power of attorney when the person passes?
The power of attorney represents a living person. The durable power of attorney will end with the death of the grantor.
What happens to your warranty when a company goes bankrupt?
If the Bankrupt company is just the retailer then the warranty is still covered by the manufacturer. If the manufacturer goes bankrupt then the retailer covers the warranty. The seller is responsible for a warranty. Clearly if the seller is the manufacturer and they go bankrupt then it's most unlikely that the warranty will remain in force.
What is warranty?
A warranty protects the customer from having a defective product. Some warranties cover damage that happens by the owner as well usually those cost extra.
What happens if you break your ipod touch?
You just broke it. There isn't much that happens, but if you aren't under the warranty, you won't get a repair for free.
