Living Estate Deed vs. Guarantor on the mortgage

Bloomington, IN · Member since 2017 · 2 posts · 0 votes

Need some advice on a Living Estate Deed. I am co-contributing money for a house down payment with relatives in their 70’s. No other family heirs for them. My in-laws will are making mortgage payments. When my in-laws pass away my wife and I will inherit the house. Good location, college town. Will convert to a rental.

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Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
7y
@Ricardo Vasquez
Never heard of a living estate deed. Are you talking about a life estate? If so, a life estate provides the holder of the life estate with all the rights and benefits of property ownership for the rest of their life’s. Inherent in this is that someone else has title to a remainder estate which vests upon termination of the life estate.
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