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What is a life estate in Washington State?

A life estate is an ownership interest in real property where the life estate owner (life tenant) has the right to possess the property during their lifetime. Upon the passing of the life tenant, the life estate reverts to an original owner (or somebody else) and the life estate ceases to exist.

What is a remainderman beneficiary?

A remainderman is considered the beneficiary of a life estate and stands to inherit any remaining property after the life tenants death.

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 do I transfer a title after death of life estate tenant in Texas?

Upon your death, all that is required for full title to be transferred to your beneficiaries is the filing of an affidavit in the county property records reflecting the date of your death, referring to the recording information for the Lady Bird Deed, and reciting that there are no outstanding debts of the estate, or

What is a life estate in land law?

Also known as an estate for life. In a real estate context, an interest in real property that terminates once a person expressly identified in a life estate agreement dies. Life estates are measured either by the life of the property recipient or by the life of some other person.

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