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The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
A life estate is a form of freehold estate, and the life tenant is guaranteed the use of the property for their lifetime (sometimes called a life estate "pur sa vie," which means "for his own life").
An enhanced life estate deed or “Lady Bird” deed is a nuanced estate planning tool that allows the original owner of a property to retain control of it while they’re alive but automatically ...
Everybody who knows the corner of Lenox Avenue and One Hundred and Thirty-fifth Street knows "Mary" and her stand and has been tempted by the smell of her pigsfeet fried chicken and hot corn, even if he has not been a customer. "Mary," whose real name is Mrs. Mary Dean, bought the five-story apartment house at the corner of Seventh Avenue and ...
Below is a summary of the titles/positions held, at one time or another, by the 53 individuals depicted on United States banknotes from 1861 to the present. The list of positions is not exhaustive, but does address the central elected federal and state officials, members of the president's cabinet, military figureheads, and several of the ...
A federal grand jury in Columbia has indicted two Aiken men in an alleged $8 million inheritance fraud scheme that attempted to divert the assets of an 88-year-widow’s estate to themselves.
A life estate is another option for boomers who dream of transferring their property to their children but don’t want to give it up or move out while they’re alive.
The United States one-hundred-thousand-dollar bill (US$100,000) is a former denomination of United States currency issued from 1934 to 1935. The bill, which features President Woodrow Wilson , was created as a large denomination note for gold transactions between Federal Reserve Banks ; it never circulated publicly.