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  2. Life estate - Wikipedia

    en.wikipedia.org/wiki/Life_estate

    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.

  3. Elective share - Wikipedia

    en.wikipedia.org/wiki/Elective_share

    In most states, the elective share is between one-third and one-half of all the property in the estate, although many states require the marriage to have lasted a certain number of years for the elective share to be claimed, or adjust the share based on the length of the marriage, and the presence of minor children. Some states also reduce the ...

  4. Estate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Estate_tax_in_the_United...

    the value of certain property transferred by the decedent before death for which the decedent retained a "life estate", or retained certain "powers"; [17] the value of certain property in which the recipient could, through ownership, have possession or enjoyment only by surviving the decedent; [18]

  5. What is cash value life insurance? - AOL

    www.aol.com/finance/cash-value-life-insurance...

    Estate planning for high-net-worth individuals: Individuals with substantial estates may find cash value life insurance beneficial as a tool to offset potential estate taxes. Since the death ...

  6. The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012. Reuters 2 months ago Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025.

  7. Life interest - Wikipedia

    en.wikipedia.org/wiki/Life_interest

    A life interest [1] (or life rent in Scotland) is a form of right, usually under a trust, that lasts only for the lifetime of the person benefiting from that right. 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 ...

  8. A cluster of homes run by a condo association in Westminster, Massachusetts, has had at least 10 of 96 units, all built in the 1990s, test positive for pyrrhotite — racking up repair fees of ...

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