Life Estate Agreement Defined
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What is a Life Estate Agreement?
A life estate agreement is a legal document that grants joint ownership of a home so that if one individual dies, the other retains ownership of the property. This type of agreement is commonly used to ensure that if a parent dies, the children can remain in the home or take ownership of the home without needing to go through probate to do so. This makes the process more straightforward and eliminates much of the legal red tape that would exist without the agreement.
The purpose of the life estate agreement is to divide a property into two types of interests.
Who Helps With Life Estate Agreements?
Lawyers with backgrounds working on life estate agreements work with clients to help. Do you need help with a life estate agreement?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate life estate agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Meet some of our Life Estate Agreement Lawyers
Brian S.
Corporate attorney with 16+ years of in-house counsel, people leadership and client management experience. Provides legal expertise and a business-oriented approach to problem solving and building lines of business. Consistently works under pressure, prioritizing and managing workload and simultaneous tasks to meet deadlines in a changing, fast-paced environment.
"Great work and communication. Would recommend working with Brian!"
Igor B.
As a corporate lawyer, I have dealt with international transactions, complex litigation and arbitration, regulatory compliance, and multijurisdictional tax planning. In March 2021, I started my firm and shifted my professional focus to working with start-ups, small businesses, entrepreneurs, and families. I help my clients structure and run their businesses and take care of their assets, including intellectual property issues and estate planning for their families. I try to bring big law quality and small firm personal attention to every client.
"will continue working with Igor. he takes time to explain all the process"
John M.
Seasoned professional with experience in wide variety of contract negotiation and review.
April 27, 2022
Aaron B.
I have been in practice for over 19 years. I have substantial experience across the spectrum of civil practice areas both as a litigator and transactional counsel. This includes: negotiating commercial and real estate transactions, corporate organization, commercial agreements, and resolving commercial disputes, and litigating numerous civil, administrative, and criminal cases through all phases of litigation from trial through appeal, as well as judgment enforcement. My vast experience as a litigator is an asset to my transactional clients. My background in Investigating and proving the breakdown of business relationships in court allows me a unique advantage in drafting, negotiating, and closing business transactions.
May 5, 2022
Cindy A.
Attorney that has worked in both litigation and transactional fields. Motivated and personable professional. Speaks fluent Spanish and very basic Portuguese.
May 5, 2022
Michael V.
Seven years experience reviewing and drafting corporate and transactional documents, including NDAs, LLC operating agreements, MSAs, employment agreements, etc.
May 6, 2022
Brittany S.
I am licensed in New York and New Jersey. I graduated with my J.D. from Touro University Law Center, Summa Cum Laude, in 2021. In 2018, I graduated from SUNY Farmingdale with a B.S. in Sport Management and a minor in Business Management. I have experience in real estate law and insurance defense, including employment law. Please note, I do not carry malpractice insurance.
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I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
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