My question involves real estate located in the State of: Illinois
My Aunt owns a home in Illinois as her primary residence. About 3 years ago she placed my brother and myself on the deed as remaindermen, and designated herself as the life tenant. She is now 90 yrs. old and in not the best health. About 9 months ago she decided to move out of the house and into an assisted living facility. The property has been empty since she left. She now wants to sell the property to supplement her assisted living costs. Does she have that right? I feel that selling would be complicated, and damage the benefits of the way she has set up the Deed. Instead, I think she, as the life tenant, should rent out the property and use that money. My brother is passive on the matter, but generally sides with my Aunt on selling. What direction, selling or renting, can be legally pursued? Are there other viable options?