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What happens when a life tenant dies?

After the death of the life tenant (or earlier termination of the trust), the remaining capital of the trust fund can then be passed on to other individuals, known as the remaindermen, or a separate trust, as set out in the will.

Who owns the property in a life estate in Massachusetts?

The Lifetime Owner of the property has absolute and exclusive right to use of the property during their lifetime, which expires automatically upon the death of the last to die of the Life Tenant(s). The Life Tenant can be one individual or there can be joint Life Tenants.

What basic property right is not available to the holder of a life estate?

An interest in land that lasts only for the life of the holder. Thus, the holder of a life estate cannot leave the land to anyone in their will, because their interest in the land does not survive the person.

How does a life estate work in Massachusetts?

The person who holds the life estate has ownership of the property for the rest of their life. They get to use, occupy and get income from the property while they are living.

What does life use of a house mean?

The life tenant is able to use and occupy their home for the remainder of their life and be transparent with beneficiaries about what will happen with the property upon their death.

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