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 100 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?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

The complete life cycle of a trematode. The complete life cycle of a trematode.
Parabola Real World Example Parabola Real World Example
Life Cycle of Lobster Life Cycle of Lobster
Life cycle of Giardia. Life cycle of Giardia.
Flowering plant life cycle Flowering plant life cycle
The lytic and lysogenic life cycles of a temperate bacteriophage The lytic and lysogenic life cycles of a temperate bacteriophage
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library