@ghegewald wrote:
So are you saying FMV will be based on todays value (2026) based on the life tenant just passing?
Yes, that is precisely what I am saying since your stepfather was granted a life estate. You and your siblings had a remainder interest, not full ownership and control, as a result of the provision in the will.
Frankly, I think you should have a local attorney at least look over the will to ensure the foregoing is actually the case. You and your siblings did not technically have possession if a life tenant was occupying the house under a valid provision in the will granting a life estate.
