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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 person with a life interest is known as a life tenant. A life interest ends when the life tenant dies. An interest in possession trust is the most common example of a life interest trust. In a typical interest in possession trust, the life tenant receives all the income from the trust for the rest of his or her life.
Traditionally, letters of administration granted to a representative of a testator's estate are called "letters of administration with the will annexed" or "letters of administration cum testamento annexo" or "c.t.a.". Essentially, this document is issued to the person who will administer the estate of someone who dies without a will.
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7. Don’t overlook your own estate planning. Dealing with the aftermath of losing your spouse requires a lot of attention and time. But what not to do financially after losing a spouse is ...
Death notification telegram, 1944. A death notification or, in military contexts, a casualty notification is the delivery of the news of a death to another person. There are many roles that contribute to the death notification process. The notifier is the person who delivers the death notice. Notifiers can be military, medical personnel or law ...
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Several officials in Lincoln County, Oregon have received an anonymous letter urging people to report "brown folks" they suspect are undocumented immigrants, according to the Lincoln County ...