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 99 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 use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Gametic life cycle, as illustrated by diatoms Gametic life cycle, as illustrated by diatoms
Alternation of generations, the plant life cycle Alternation of generations, the plant life cycle
Normal changes in the breast during a woman's life span Normal changes in the breast during a woman's life span
The early stages of the human life cycle. The early stages of the human life cycle.
How to setup and solve a half-life problem using a table of values (Question 1) How to setup and solve a half-life problem using a table of values (Question 1)
Number line (real numbers) Number line (real numbers)
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library