MIG-1.0: Explain the causes of migration to colonial North America and, later, the United States, and analyze immigrations effects on U.S. society. WXT-1.0: Explain how different labor systems developed in North America and the United States, and explain their effects on workers lives and U.S. society.
A person who has a life estate must maintain the property. This duty includes common upkeep so the property does not deteriorate. It also includes paying bills associated with the property, such as real estate taxes and insurance. A life estate owner has full rights to use the property during his lifetime. He may also lease or sell his interest in the life state, although he cannot sell the property itself. Life estates interests always end when the original life estate owner dies. Therefore, they can be difficult to sell or lease long term.
No, to help out my family. It all depends on the law of your state. There are several ways to transfer property automatically at death. You could add a lifetime owner with right of survivorship (e.g., joint tenancy with right of survivorship, community property with right of survivorship, tenancy by the entirety).