Articles Tagged with life estate

532023-300x300For family members of a deceased loved one, the most important part of probate proceedings is the final distribution of the estate. This occurs once the estate’s debts and obligations have been satisfied, and it serves to more or less end the probate of the estate. 

But what if someone thinks they’re entitled to a share of the estate but was left out of the proceedings from the outset? This is where the petition to determine distribution rights comes into play. It’s a legal mechanism whereby omitted heirs or interested parties ask to court to be included in the final distribution. 

What is a Distribution in Probate? 

Underwood-Blog-Images-1-1-300x300Yes. When co-owners of property decide they want to go their separate ways but cannot come to an agreement on a buyout or reimbursements, they can institute a partition action and have the court system solve the problem for them. 

The presence of a life estate, however, substantially complicates this process. Additional evidentiary showings are required, and a partition might not even be available if the life estate owner fights the lawsuit. Thankfully, the Underwood Law Firm is more than familiar with partitions of all types and is here to assist property owners throughout the process. 

What is a life estate? 

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