What is the name of your state? Illinois
My inlaws currently have a life estate on their home. They are thinking about moving into a condo and we need to know if the life estate can be transfered from their current property to a new property when they buy it. In other words, can the life estate be placed on the new property and taken off the current property?
My inlaws currently have a life estate on their home. They are thinking about moving into a condo and we need to know if the life estate can be transfered from their current property to a new property when they buy it. In other words, can the life estate be placed on the new property and taken off the current property?