Deductions & credits


@tagteam wrote:


With a life estate, the remainder interest is freely alienable (for whomever wants to buy it or receive it as a gift); a remainderman does not need the permission of the life tenant.


 

Are you sure?

 

This is definitely not my area of expertise, but I had thought that a Life Estate included that the person retained full control of the home, including the sole right to sell the property.  But I could be wrong.