Author Question: Is the life tenant always the measuring life? Why or why not? What will be an ideal ... (Read 60 times)

Davideckstein7

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Is the life tenant always the measuring life? Why or why not?
 
  What will be an ideal response?

Question 2

What characteristics make a fixture part of real property rather than personal property?
 
  What will be an ideal response?



SamMuagrove

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Answer to Question 1

The measuring life can be that of grantor, the life tenant, or another individual. The life estate is frequently used a method of planning and control over the distribution of the real estate, including protecting the real estate from creditors and providing housing for a financially irresponsible or physically disabled child.

Answer to Question 2

The key analysis relates to how the item is attached and whether its removal will result in significant harm to the property. As part of that analysis several factors should be considered: the means and method of attachment; the adaptation of the object outside the real property; the intent of the party who originally attached the object;
the relationship of the parties, and; the existence of an agreement that defines whether the object is part of the real property.



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