This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why would someone want to include the real property they own in a life estate? What will be an ... (Read 20 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jul 26, 2018
Why would someone want to include the real property they own in a life estate?
 
  What will be an ideal response?

Question 2

Explain why joint tenancy would be a contentious form of ownership if a married couple is divorcing and one of them would like to sell their home and the other person does not want to sell the house.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cswans24

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 26, 2018
Answer to Question 1

The reason someone might want to include real property they own in a life estate would be because they do not want to transfer the property to their beneficiaries yet they want the beneficiaries to be able to use the property during the beneficiaries lifetime.

Answer to Question 2

Joint tenancy could be a contentious form of ownership when there are divorces because if only one spouse wants to sell the property the property would have to be partitioned and sold by the court system.


Cooldude101

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jul 26, 2018
Thank you!


cswans24

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jul 26, 2018
Always glad to help...


« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

The deep-sea vent hypothesis for the origin of life The deep-sea vent hypothesis for the origin of life
Alternation of generations, the plant life cycle Alternation of generations, the plant life cycle
Basic overview of energy and human life. Basic overview of energy and human life.
Noncoding regions include all the 5′UTR, 3′UTR and other noncoding RNA regions. UTR = ... Noncoding regions include all the 5′UTR, 3′UTR and other noncoding RNA regions. UTR = ...
Sexual Phase of the Fungal Life Cycle Sexual Phase of the Fungal Life Cycle
Life cycle of Obelia, a hydrazoan that has alternating medusa (left) and polyp generations Life cycle of Obelia, a hydrazoan that has alternating medusa (left) and polyp generations
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library