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 88 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?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Basic overview of energy and human life. Basic overview of energy and human life.
Thangka depicting Bhavacakra (Wheel of Life), Bhutan. Thangka depicting Bhavacakra (Wheel of Life), Bhutan.
Women who reported one, two, or three or more major life events in the past 5 years were ... Women who reported one, two, or three or more major life events in the past 5 years were ...
I Am The Bread of Life Suzanne Toolan with Lyrics Catholic Hymn Song Sunday 7pm Choir I Am The Bread of Life Suzanne Toolan with Lyrics Catholic Hymn Song Sunday 7pm Choir
Life cycle of a Plasmodium species that causes malaria Life cycle of a Plasmodium species that causes malaria
The lytic and lysogenic life cycles of a temperate bacteriophage The lytic and lysogenic life cycles of a temperate bacteriophage
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library