When a revocable life estate deed doesn't carry homestead benefits
Not only could an owner cancel the revocable life estate deed, but they could remove residents or even sell the home and pocket the proceeds.
Q: I own a home that my sister and her husband live in, and I claim the homestead exemption on my primary residence. I was told by a real estate title expert that if I sign a revocable life estate deed as grantor, giving my sister and her husband a life estate in the property as grantees, they would then be listed as the owners on the appraisal district’s website and would be able to claim the homestead exemption. I would retain the right to cancel the life estate. Several weeks ago, you said this could not be done. I think you should retract your statement that it's not possible and publish a clarification.
A: I’m going to stick with my........
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