My question involves real estate located in the State of: Texas
I have a single parent who was the owner of a property, they had signed for and named an individual as a life estate holder - this deed was recorded and was done not only to protect the individual a secure living arrangement but also for medicaid/saving the home issues, there is also another deed signed/notarized naming another life estate holder (#1, is this valid? I know a deed in tx is legal if given to the person and not necessarily recorded BUT is it legal since it was signed by the remainderman/property owner) - #2 would it have needed to be signed by the other life estate holder as well?
IF both, possibly a 3rd life estates are valid/legal, what is the process if the remainderman has passed? (leaving a will and naming only child/heir as beneficiary/executor). Attorneys i have spoken to seem to get very confused when it comes to the subject of life estates and it makes me very wary:o Mind you, i would like to ensure the named life estate holders also have their living arrangements secured within the home, hence the need to get the correct answers, i feel like if we have those deeds, we need to get them recorded to make sure we don't end up with issues from the state but then i also need to know if the state can claim those deeds as non legal and attempt to take said estate.
I have a single parent who was the owner of a property, they had signed for and named an individual as a life estate holder - this deed was recorded and was done not only to protect the individual a secure living arrangement but also for medicaid/saving the home issues, there is also another deed signed/notarized naming another life estate holder (#1, is this valid? I know a deed in tx is legal if given to the person and not necessarily recorded BUT is it legal since it was signed by the remainderman/property owner) - #2 would it have needed to be signed by the other life estate holder as well?
IF both, possibly a 3rd life estates are valid/legal, what is the process if the remainderman has passed? (leaving a will and naming only child/heir as beneficiary/executor). Attorneys i have spoken to seem to get very confused when it comes to the subject of life estates and it makes me very wary:o Mind you, i would like to ensure the named life estate holders also have their living arrangements secured within the home, hence the need to get the correct answers, i feel like if we have those deeds, we need to get them recorded to make sure we don't end up with issues from the state but then i also need to know if the state can claim those deeds as non legal and attempt to take said estate.
Life Estates: Multiple Life Estate Holders, Recorded/Non Recorded Deeds, Death/Terminations, Etc
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