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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.
‎June 6, 2022
3:03 PM