What is the name of the state where this is happening?OHIO
Widow inheirited half of a property with a VERBAL life estate agreement. My husband owns half of the property and she owns the other half now. The aunt in question expected to die first (over 80). Widow has been honoring the life estate agreeement (paying the property taxes and other expenses while letting the aunt collect the rental income).
The rental burned and the widow wants to take the insurance money and tear down the house. This would leave the elderly aunt without a source of income.
Did the widow "Agree" to the verbal agreement by allowing the property to continue as it always has for two years after my father in laws death (and a year after probate is over)?
Does her demand to cash in the insurance and subsiquent refusal to rebuild the rental property consitute material damage to my husband's ability to be made "whole" by the insurance as is intended by being insured? (In the sense that he would be obligated by his personal verbal agreement to pay at least his half of the life estate to the aunt until she dies)