Why does a life estate holder need the signature of a remainder person
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Why does a life estate holder need the signature of a remainder person
If one is trying to lease land and they
have a life estate why do they need the
signature of the remainder person?
Asked on April 3, 2018 under Estate Planning, Texas
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
The remainderman's signature is needed to protect the remainderman's right to the property. For example, if the life tenant dies before the lease term ends, the remaindeman's right to ownership of the property is now contingent upon the duration of the lease.
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