What is the name of your state (only U.S. law)? TN
I received land and a home when my mother died. As a part of that, my father received a life estate on the property. He had purchased a truck and let it get repo'd. There is now a lien on my father's life estate from the lenders for the truck. What are my options here? Will it disappear upon his death? Can he gift out of the life estate? Is there any way that this lien will be transferred to me? Thanks for your help in advance.
I received land and a home when my mother died. As a part of that, my father received a life estate on the property. He had purchased a truck and let it get repo'd. There is now a lien on my father's life estate from the lenders for the truck. What are my options here? Will it disappear upon his death? Can he gift out of the life estate? Is there any way that this lien will be transferred to me? Thanks for your help in advance.