Section 16. If the wife so releases her homestead, or so conveys her own estate, the proceeds of the sale may be so invested and disposed of as to secure to her, and to the minor children of the owner if it is an estate of homestead, the same rights in the principal and income thereof as she or they would have had therein if it had not been sold. An agreement made between her and the guardian or conservator for securing and disposing of the proceeds or any part thereof for the purpose aforesaid, if approved by the probate court for the county where the guardian or conservator was appointed, or, in default of such agreement, an order therefor made by the probate court, shall be valid and binding on all persons interested in the granted property or in said proceeds, and may be enforced by the court or by an action at law.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
