Question 1
A life estate requires the holder to use the property until:
◦ Death
◦ The age for which they can no longer take care of the property
◦ The children become legal adults
◦ The property is sold
Question 2
If an asset is a probate asset:
◦ The item is directly given to the beneficiary
◦ The item must pass through the probate court system process
◦ The item must be taxed before it is awarded to the beneficiary
◦ It was not included in the will
