Billy-Bob owns a condo in Seattle, and a farm in Yakima.His older brother, Bobby-Lee, has some severe
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Question:
Billy-Bob owns a condo in Seattle, and a farm in Yakima.His older brother, Bobby-Lee, has some severe health problems and is unable to work anymore, and just has Social Security Disability income of about $800/month.Billy-Bob records a deed giving a "life estate" to Bobby-Lee as long as he lives, with the "remainder" to go to Billy-Bob's sister, Judy.
A.Bobby-Lee now owns the "fee simple" title to the property, as long as he lives.
B.Once Bobby-Lee dies, Judy will own the "fee simple" title to the property.
C.No one will own the "fee simple" title to the property.
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