Aestar – 3/5 How a Mother transfers a real estate title to two children upon death?

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Option 3) Bare Life Estate – This is equivalent to Life Estate without the Mother’s Dispositional Power. The mother can add the two children as remaindermen. When the mother is alive, she has no exclusive rights to the property. The mother and children must join legal decisions regarding the real estate property. The remaindermen’s ownership is completely vested and is not subject to divestiture. After the Mother’s death, the two children own the property, either as joint tenants or as tenants in common, depending on how the mother adds these two children to her deed, subsequently it will avoid the mother’s will and probation.

 

 

Contact me should you have further questions.

 

Flora Kan, Licensed Title Producer/Notary Public

Aestar Settlements LLC

15881-B Crabbs Branch Way, Rockville, MD 20855

C: 240-351-6098   F: 888-501-3060 E: [email protected]

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This column is not legal advice and should not be acted upon without obtaining your own legal counsel.

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Jonathan D. Kan, ESQ. is admitted to practice before the Court of Appeals of Maryland in 2017. Mr. Kan graduated as a Juris Doctor of University of Baltimore School of Law, Maryland, in 2017, concentrating on criminal, trust and estate, and real estate laws. Mr. Kan has published the Aestar Blog since 2015. He co-founded Aestar LLC in 2013. Mr. Kan has been a licensed title producer, settlement agent, and notary public serving the Maryland and Virginia states since 2013.

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