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

Author Question: Compare and contrast the present and future interests in a life estate. What will be an ideal ... (Read 98 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Aug 3, 2018
Compare and contrast the present and future interests in a life estate.
 
  What will be an ideal response?

Question 2

For most individuals, the primary reason to acquire real estate is for the tax benefits.
 
  A. True
   B. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dnite

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Aug 3, 2018
Answer to Question 1

A present interest is the right to currently own, possess, use, and enjoy the property. A future interest is the right to own the property at some unknown time in the future. In a future interest, possession, use, and enjoyment are deferred until the future. A future interest can be a reversion to the grantor, or a remainder to a third party.

Answer to Question 2

B


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Aug 3, 2018
:D TYSM

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Gametic life cycle, as illustrated by diatoms Gametic life cycle, as illustrated by diatoms
Landmarks in the evolution of life on Earth Landmarks in the evolution of life on Earth
Fossilized Remains of Former Life Fossilized Remains of Former Life
Do atheists have faith in life from non-life? Do atheists have faith in life from non-life?
Drug elimination: half-life to steady state. Drug elimination: half-life to steady state.
Psychology and Life Psychology and Life
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library