Life Estate Inheritance Brings Complications
Dear Mr. Premack: My husband left a Will that said, “To my wife, I devise and bequeath a life estate in my home”. It gave all the rest of his estate to his three children from his first marriage. He named me as Executor of the estate. My questions: What do I have the right to do? Can I have a garage sale for income to help pay his debts? Who pays the insurance, taxes and upkeep on the house? In whose name will title to the home be held? I am over 65. I still get the 65 discou