steak
2 Answers
eggplant
Chiangmai
Sure. I'll give you one: LIFE ESTATE
Suppose I am a rich man and would like to give a house to my doctor, with one catch. He must to keep me healthy in order that I can live as long as possible. This is called a Life Estate. What is it? Well, my doctor gets to live in a very wonderful mansion for as long as I am alive. He, in essence, owns the property like any owner would for as long as I live. Hence, his ownership of this property is predicated on the existence of my life, not his. As soon as I die, the ownership to this life estate ceases to exist, and my property now reverts back to my heirs.
| 11 years ago. Rating: 0 | |
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