Life Estate in Real Property

W
Document Sample
scope of work template
							                                                Life estate in real property.

   I give [describe real estate] to my wife,     , for the term of her life to have the possession and management thereof,
with power to lease and encumber the same but with no power to sell the same or any part thereof, and she shall have the
net income therefrom absolutely as her property after paying out of the gross income therefrom all taxes and
assessments thereon, costs of adequate insurance on the improvements thereon, expenses of keeping the property in
good condition and all other expenses in the management and care of the property; and she as life tenant of said property
shall have power to do all and any of the above-mentioned things in this            paragraph as fully as I, if alive, might do,
upon such terms and conditions and at such times as she in her unrestricted discretion shall determine, and in no such
matter or matters shall she be under obligation to seek the permission of, or to account to, any court or to any other
person, and in no such matter or matters shall she be under any personal liability resulting therefrom or from what she
does or does not do in regard thereto; provided that she shall have no power to dispose of said real estate by her will and
provided further that on her death said real estate with all the improvements thereon and appurtenances thereto shall
vest in fee in       .




                                                                                                                 electronic form 2005
                                                                                                                 W W W .LawCA.com
                                                                                                                   Law Publishers

						
Related docs