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 23 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 types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

The life history of T cells The life history of T cells
inner life of cell inner life of cell
Dimensions of quality of life affected by cancer Dimensions of quality of life affected by cancer
Life Is Abundant in Soil Life Is Abundant in Soil
Life cycle of Plasmodium. Life cycle of Plasmodium.
The chemical structure of the water molecule facilitates life The chemical structure of the water molecule facilitates life
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library