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Life Estate in House with Right to Rent (or Sell)
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Sample will giving life estate in house to wife and remainder to children, with right to rent or sell
Wills and Trusts
Estates & Trusts
Stocker and Rikoon on Drawing Wills and Trusts (13th Edition)
PLI Item #:
"Life Estate in House with Right to Rent (or Sell)"
"remainder to children"
"remainder interest to children"
appurtenant structures and all adjacent land
disinterested Executors full authority
right to continue to occupy the property
pay all costs and expenses for the maintenance and upkeep of the house
interest on any outstanding mortgage liens
net proceeds of the sale
applicable federal estate tax regulations
making the remainder interest vested in my children upon my death
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