Re: Buying a Life Estate and Future Interest
what the mother owns and what the son owns are two different issues. The mother owns a life estate, which basically means she has control of the property as long as she lives. The son owns the actual property but cannot take control of the property until moms life estate ends or is terminated for some reason.
So, either party can sell their interests, separate from the others issue.
So, yes, speak with an attorney to be sure you purchase all interest in the property, if that is what you intend. Son cannot sell moms interest and mom cannot sell sons interest.
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.