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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.
In law, an "heir" (FEM: heiress) is a person who is entitled to receive a share of property from a decedent (a person who died), subject to the rules of inheritance in the jurisdiction where the decedent was a citizen, or where the decedent died or owned property at the time of death.
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As I am sure you are aware a Transfer on Death Deed transfers ownership of real property to another person or entity after the owner’s death. Transfer on death deeds have become increasingly ...
The Registrar-Recorder/County Clerk (RR/CC) is one of 37 departments in Los Angeles County, California which serves a population of over 10 million.The Registrar-Recorder/County Clerk is responsible for registering voters, maintaining voter files, administering federal, state, local and special elections and verifying initiatives, referendums and recall petitions.
The term "death tax" more directly refers back to the original use of "death duties" to address the fact that death itself triggers the tax or the transfer of assets on which the tax is assessed. While the use of terms like "death duty" had been known earlier, specifically calling estate tax the "death tax" was a move that entered mainstream ...