@fct Jenn wrote:
Mom actually quit claimed the deed over to her two kids. She recently passed and we are hoping there is an implied life estate even though the kids have been on the deed for over ten years.
An interest or right is treated as having been retained or reserved if at the time of the transfer there was an understanding, express, or implied, that the interest or right would later be conferred.
See Treas. Reg. §20.2036-1
