Saturday, July 25, 2009

Personal Finance

Real Estate Life Trusts
A life estate is true to its name. It is an estate in land that endures for the life of its owner. A life estate is defined by California Civil Code Section 766 as an estate during the life of a third person. parents may deed property to their children, subject to the parents exclusive right to use and enjoy the property during their lifetimes. A life estate is a contract right that is exclusive to the person who holds it %26mdash; it has no market value, since it can't be sold or transferred to any


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