ChatterBank2 mins ago
wills...?
could you write a will that leaves something to someone, but only under the condition that when that person then dies, the item then goes to someone of your choosing?
or is it a case of once ownership is given, the deceased rights are gone...?
thanks
or is it a case of once ownership is given, the deceased rights are gone...?
thanks
Answers
Best Answer
No best answer has yet been selected by joko. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.You can't impose conditions upon who actually receives the 'title' to the property. (i.e. upon who owns it).
However it's possible to grant a 'life interest' to someone in order, for example, for them to live in a property (which was owned by the testator) until they die. The beneficiary under such an arrangement would be a 'life tenant', rather than its owner.
Chris
However it's possible to grant a 'life interest' to someone in order, for example, for them to live in a property (which was owned by the testator) until they die. The beneficiary under such an arrangement would be a 'life tenant', rather than its owner.
Chris