Can I transfer to my son the remainder interest that I have in a life estate deed?
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Can I transfer to my son the remainder interest that I have in a life estate deed?
Good day,
I am one of the remainder beneficiaries together with my brother of a life estate deed for my parent’s house.
My mother is still alive and she is the life tenant of the house.
My question is
Can I transfer now my future ownership of the house to my son?
Can I do it with quit deed?
I basically would like my son to be the remainder beneficiary instead of me.
Asked on March 25, 2018 under Real Estate Law, New Jersey
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Yes, you can transfer your remainder interest to him: a remainder interest is as alienable or transferrable as a fee simple interest. And you can do it by quit claim deed in which you give up (without warrantying or guarantying) any and all interest you have (the remainder interest) to him.
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