Can a Life Estate Deed be revoke by the grantor if the grantee dies before the grantor? (Within the state of New York.)
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Can a Life Estate Deed be revoke by the grantor if the grantee dies before the grantor? (Within the state of New York.)
Is the issue that the grantor does not want the property subject to the deed to pass to the remaindermen?
That is correct.
There are two grantees--sisters. One just died and the mother (grantor) wants the property to go entirely to the other daughter (grantee). The daughter that died is survived by a husband and two adult children. The mother does not want any ownership or control of the property to pass to the survivors.
In a life estate, when the owner of the life estate dies, the property passes in fee simple to the remaindermen. You need to research the deed(s). If the sisters each had a life estate, the the surviving sister still has a life estate. The husband and children of the deceased get nothing unless they are named as remaindermen in the deed. A will of the deceased has no effect on a life estate since it terminates at death.
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