Remainder Interest in Life Estate
Date: Thu, 05/21/2009 - 14:18
We had our court session today for our chapter 7 bk. The trustee questioned my remainder interest in my parents house. They have a life estate. The remainder interest is valued at $25,000 and my sister is the coowner with me. My attorney will be calling me on this tomorrow, but I was just wondering if anyone had any experience with a situation like this. If the trustee wants to sell my interest, who would they try to sell it to? How would they go about that?
We haven't heard a thing. My attorney said to just wait and see
We haven't heard a thing. My attorney said to just wait and see. Hopefully the trustee won't think it is worth going after since the market is so bad right now. I hope that will be the case.
I guess it went my way. I received our discharge papers in the
I guess it went my way. I received our discharge papers in the mail with no mention of selling my remainder interest.