Our house is deeded to our son but we have lifetime rights to the land. If he sells house what happens to our lifetime rights to the land? - AgingCare.com

Our house is deeded to our son but we have lifetime rights to the land. If he sells house what happens to our lifetime rights to the land?

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I’m betting that what was done was a LIFE ESTATE.
If so, the LE Deed is such has there is a present ownership (you & spouse) and a future ownership (your son). Until you die, property is owned by you not son. As it’s owned by you, property gets whatever senior citizens break on taxes, utilities, etc. Son cannot sell property as he does not own it (yet). Whether or not it can be changed depends on the details within the LE, like for example whether it’s revocable.

Look at your tax assessor bill, if it has you & hubs name on the bill, it’s still in your name; perhapswith LE or RRD or IRRD next to the name, then it’s a Life Estate.

An LE is a very serious document. If you do not understand just what you signed please, please, PLEASE schedule an appt with the law firm that did the LE.

If you still have a mortgage on the property, there could be other also serious issues with doing an LE.
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You created the document which should have been done by an attorney. That person advised you. If still in practice you should go back for a consult in any case to see if any laws were changed.
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Did you have a legal "lifetime estate" document drawn up by an attorney or title insurance company? You need to consult with someone who knows real estate law in your state.
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