Tauber Legal understands our clients have questions about life estate deeds for
their Maryland properties.
We want to educate you on this deed type to decide whether it is the right option for your needs.
A life estate deed gives you a life estate interest in your home that allows you to continue to live in it during your lifetime. As you retain your estate, you are what is called a life tenant, and you name a beneficiary, called a remainderman, to receive your property when you die.
More than one person can receive your property, but you must be careful when designating their ownership as either joint tenants or tenants in common.
Contact us today to see if a Life Estate Deed is the right choice for you.