What Rights Does a Life Estate Grant to a Lifetime Beneficiary and How Is a Remainder Interest Determined in California?
Detailed Answer Overview of a Life Estate Under California law, a life estate grants a lifetime beneficiary (the life tenant) the right to possess and use real property for the duration of that person’s life. A life estate arises when a property owner conveys or devises land to someone “for life.” California Civil Code § […]
Read article →Who is eligible to receive surplus proceeds when the property was solely in the deceased spouse’s name? (CA)
Detailed Answer When a property titled solely in a deceased spouse’s name generates surplus proceeds after a foreclosure sale or debt recovery, California law defines who may claim those funds. Surplus proceeds constitute personal property. You must determine community versus separate property interests, then follow foreclosure-specific claim procedures. 1. Community vs. Separate Property Under California […]
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