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Is there a chart to calculate ones life expectancy in a life estate to be able to buy out the life estate?
Wiki User
∙ 16y ago
== == no.
== == == == == == Yes, there is a chart but I had to get the calculations from an Estate Attorney. I can tell you what my life estate is worth... I am female 55 years of age. My factor is 0.69039 Which means: If my property is worth 1,000,000.00 my Value is $690,390.00 If my property is worth $ 500,000.00 my Value is $345,195.00 I hope this helps, but I have no idea how the factor is determined other than a chart that the legal system possesses. It is determined on your sex and age, which gives a life expectancy. I would add this: These numbers come from what are called "mortality tables". Most states have adopted them to compute inheritance or estate taxes. This means you can find them in the state laws or regulations. They are also used by insurance companies.
Wiki User
∙ 16y ago
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