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

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

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welcome to Frank granola I'm Frank Bruno today I'd like to speak about a life estate on a piece of real property if you have a question about real property or would like to make an in-person consultation with me please go to call Frank Bruno comm or Frank Bruno law.com I had an interview a consultation with a client an older couple that had placed their adult sons name on their deed what they did was they went to a real estate attorney and they had the property transferred into the son's name and they reserved the life estate for themselves now that can be a useful device it can be an estate planning technique however it has to be part of a comprehensive plan and it may not actually be the the best way to transfer a property to the next generation there are several pitfalls with that approach the one that I'd like to speak about today is that the daughter-in-law and son of this couple after being on the property for a little less than a year asked the mo

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