My question involves real estate located in the State of: Arizona
Both Life Estates and Beneficiary deeds transfer title to someone else but can they be used together.
The specific circumstance is that a lady who owns property wants to ensure she and her new husband have use of the property untill they both die and that it then goes to the woman's 3 children but not to the new husbands child.
A beneficiary deed would transfer the property to her children when she dies but does not ensure her husband a place to live till he dies.
Deeding the property to the children and creating a life estate would ensure they they couple could live on the property untill they die but removes the possibility of selling the property should she need to meet expenses.
Could she redeed the property to herself and create a life estate for her husband while at the same time executing a beneficiary deed giving the property to her children when she dies.
I guess the question becomes: Can a remainderman create a beneficiary deed in Arizona and can the person holding the life estate continue to reside in the dwelling even after the remainder man dies?