One of the primary reasons for using the Enhanced Life Estate Deed is to avoid probate; however, the benefit for the current owner is that they retain the full right to sell, use or otherwise deal with their property without the need of obtaining the consent of the future recipient, known as the "remainderman." Since the remainderman will receive the property only if the current owner still owns it at death, their possible interest in it is considered contingent, and they will have no control over what the current owner does with the property. This ability of the current owner to do as they please with the property without involvement of the remainderman is what makes this deed preferable to many individuals over the customary life estate deed which gives the remainderman a current right in the property.
KEY FACTS ABOUT LEWIS LAW OFFICE, P.A.
-
US Businesses
-
Companies in Florida
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Broward County Companies
- Company name
- LEWIS LAW OFFICE, P.A.
- Status
- Active
- Filed Number
- P98000094249
- FEI Number
- 650872802
- Date of Incorporation
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November 5, 1998
Age - 27 years
- Home State
- FL
- Company Type
- Domestic for Profit
CONTACTS
- Website
- http://lewislawofficepa.com
- Phones
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(305) 757-9255
LEWIS LAW OFFICE, P.A. NEAR ME
- Principal Address
- 2100 S. Ocean Ln,
Ft Lauderdale,
FL,
33316,
US
See Also