A life estate is:
a. a home that is willed to a beneficiary for the remainder of his or her natural life.
b. a legal term used to describe one's domicile at the time of death.
c. the right of a person, called the life tenant, to live on the property until the death of the life in being.
d. also known as “estate de la chaim” in some southern regions of the United States.
c. the right of a person, called the life tenant, to live on the property until the death of the life in being.
You might also like to view...
Tracing could include the process of:
a. Platting property on paper. b. Transforming separate property to marital property. c. Determining what portion of a marital asset was originally separate property. d. Transmutation.
The section 341 meeting is commonly referred to as the meeting of creditors.
Answer the following statement true (T) or false (F)
A decedent's will must be entered into probate only in his/her domiciliary state even if he/she owns property in other states.?
Answer the following statement true (T) or false (F)
A uniform law is a secondary authority source that may become primary authority if it is adopted by a state legislature.
Answer the following statement true (T) or false (F)