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Warranty Deed to Child Reserving a Life Estate in the Parents California Form

Warranty Deed to Child Reserving a Life Estate in the Parents California Form

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I've created some videos in the past about life Estates what they are and how to create them and you can see the links to those videos in the description of this video now I wanted to make a video about how to remove a life estate and whether that's possible now as a review a life estate is what we phrase as a concurrent tenancy whereby there's more than one person on title and usually one of the individuals will have the ability to live at the property pay the bills receive the income from the property and enjoy any of the benefits that the property has for their lifetime so they have a present interest in the property then upon their passing or upon the passing of another individual title will then shift to other individuals on title and they'll be called remaindermen now one of the most common ways that you can create a life estate with regard to a piece of real estate is with a deed and what I typically see as I have explained in the past what I typi

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