Thanks, but can you clarify? My mom granted her husband the right to live in the house until his death. This was spelled out in her will. My mom died in 2008. Her husband, was granted the right to live in the house (outlined in her will) until his death (he just passed). The house was deeded to me and my siblings in 2008, but myself and my siblings (I believe in this case we are considered the remaindermen?) just received possession of the house on his passing. So are you saying FMV will be based on todays value (2026) based on the life tenant just passing?
