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Frequently Asked Questions: Life Estate and Veteran Eligiblity

Question

Life Estate and Veteran Eligiblity 

Answer

If the veteran or their surviving spouse has met all of the necessary eligibility requirements for the exemption, property ownership contained under the terms of a life estate can still be used for the exemption.  The property must still be the veteran’s or surviving spouse’s primary residence and they must still be listed as an owner on the title of record.  The grantee, veteran or surviving spouse should be listed on the life estate for ownership on all parcels.  Once a document is recorded that the veteran or surviving spouse has passed, then they would be removed from the life estate.

Date Posted

4/16/2013 

Submitted By

Mark Johnson, TSG 

Subject

Veterans 
Attachments
Created at 4/16/2013 10:12 AM  by Mark Johnson 
Last modified at 4/16/2013 10:12 AM  by Mark Johnson