WebMar 31, 2024 · A life estate is something to consider during estate planning. When the creator of the life estate (the grantor) signs a life estate, they are in effect passing part of … WebTrustees, executors, and personal representatives are all fiduciaries. Grantor - (Also called "settlor" or "trustor") An individual who transfers property to a trustee to hold or own subject to the terms of the trust agreement setting forth your wishes. For income tax purposes the same term is used to mean the person who is taxed on the income ...
Who Owns the Property in a Life Estate? - Werner Law Firm
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Life Estate: What Does It Mean & How Does It Work?
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