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Deductions & credits
@Opus 17 wrote:Under US law, at least, that means that your mother retains full rights to the property as long as she is alive and can do anything she wants including sell it, without obligation to you.
Under U.S. law, @toyaa0's mother can only sell the interest she actually owns.
If that interest is a life estate, she can only sell that life estate; she cannot sell the entire interest in the property. In this case that would be the remainder interest (which would stay intact if the life estate were sold).
‎July 4, 2022
7:26 AM