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Deductions & credits
That's not what @Leonard Smith said.
"Generally, when a couple has set up a life estate the estate does not pass to the beneficiary until both individuals have passed away."
A donor gives a gift while still alive. A decedent leaves an inheritance after death to a beneficiary.
A life estate refers to property owned by an individual during their lifetime and prevents beneficiaries from selling the property before death.
‎February 23, 2022
6:52 AM