0
Whose financial asset is the life estate the remainder or the life tenant?
Wiki User
∙ 12y ago
Generally:
The life estate is an asset of the life tenant.
The property is an asset of the remainder.
Generally:
The life estate is an asset of the life tenant.
The property is an asset of the remainder.
Generally:
The life estate is an asset of the life tenant.
The property is an asset of the remainder.
Generally:
The life estate is an asset of the life tenant.
The property is an asset of the remainder.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoGenerally:
The life estate is an asset of the life tenant.
The property is an asset of the remainder.
Add your answer:
Earn +20 pts
May I please have an explanation of financial forecasting?
A financial forecaster is a person whose job it is to forecast the financial future of company, country or other institution. This person uses prior financial data to determine probable financial outcome. Financial forecasting is used to estimate whether or not the institution will profit financially.
What is the definition of financial stewardship?
Financial stewardship is the assumption of responsibility of the financial well being of another or a group. The expectation being that this responsibility will be carried out with great care, keeping in mind the good of the individual or group being served. Financial stewards have been entrusted with the financial resources of another. There is an expectation of care to be followed when acting as a steward. A financial steward would be expected to make those decisions which would best benefit the individual or group whose financial assets are being cared for; managing expenses, responsible investing, and accountability.
Estate tax - what is it?
U.S. Estate Tax Return, Form 706, must be filed for every U.S. citizen or resident decedent whose gross estate exceeds $3.5 million (raised from $2 million in 2008). The top estate tax rate is 45%.Note: For 2010, there is no Estate tax and instead the Capital Gains tax is assessed on all deceased person's estates. However, in 2011, the Estate tax is currently scheduled to return. A rate of 55% will apply to all individually owned assets over $1 million ($2 million for married couples).
Why bank gives loan?
Akhil Lakhan Says:- Bank gives loan because they are the professionally financial institutions whose main aim to earn profits.
Is valuation of a financial asset based on concept of determining the present value of future cash flows?
How is the value of any asset whose value is based on expected future cash flows determined?
How are single-tenant net leased assets valued?
Unlike traditional real estate investments whose valued is determined exclusively by the real estate itself, a single-tenant, net-leased property's value is determined by a combination of factors including the tenant's credit, the length of the lease and rental escalations over the term, and, last but not least, the real estate. In markets where the real estate experiences wide valuation swings, a single-tenant, net-leased property will maintain its value because of its bond-like, long-term lease and the credit tenant guaranty for the lease.
Whose insurance covers tenants swimming pool?
If the pool belongs to the Tenant then the Tenant will have to insure it.
Will the probate court in IL give you access to your deceased parents financial info?
In the state of Illinois, if a person whose parents are deceased has been named executor of their estate, yes, all of their financial information will be given to the living executor upon request.
Who should call the public electric supply when you moved out is it the tenant or the landlord?
It is the person whose name the electric is under, whether that's the tenant, the landlord, or a third-party.
Is a life estate terminated when the life tenant is placed in a nursing home due to alzheimers?
No. Possession of the property has nothing to do with how long a life tenancy lasts. The "life tenant" (who is the owner for life) could be in a nursing home, in prison for life, living in Antarctica for 50 years, whatever. The life tenancy, by definition, does not ordinarily terminate until the person whose life measures the estate ownership passes away, in fact, or has been deemed by a court to have passed away, in law (e.g., missing at sea for 7 years, or perhaps brain-dead for 2 years). However, a life estate can be transferred to others, and may be terminated if the "others" in the transfer happen to be exactly the same people who would ordinarily get it after the life tenant's death.
What are the rights of a paying co habitat whose name is not on the deed?
They have the same rights as any tenant under the laws of your state. Those include generally a thirty days notice if the owner wants you to move out. They have no interest in the real estate.They have the same rights as any tenant under the laws of your state. Those include generally a thirty days notice if the owner wants you to move out. They have no interest in the real estate.They have the same rights as any tenant under the laws of your state. Those include generally a thirty days notice if the owner wants you to move out. They have no interest in the real estate.They have the same rights as any tenant under the laws of your state. Those include generally a thirty days notice if the owner wants you to move out. They have no interest in the real estate.
What are the legal rights for an individual whose significant other dies but whose sibling is demanding some of his property which the individual needs to pay for the cost of his funeral?
The estate pays for the funeral. The 'significant other' may not have any rights to the property or any portion of the estate. The estate gets to pay the debts first, then it can be distributed.
Is an apartment complex liable for injuries that happen on their property?
Possibly. It depends whose fault it was. If the roof fell on the tenant's dog because of termite damage, the landlord is at fault. If the tenant fell off the roof while drunk, probably not.
What is an estate agent?
Someone whose business is advertising properties for sale or to let-they link owners with buyers or tenants. In the UK, estate agent is the equivalent term to realtor or real estate broker in the US.
Your child is your x husbands oldest child and he is separated from his current wife who has the rights to his estate?
The question is totally unclear. WHO has the rights to WHOSE estate? Whose estate are you asking about? The oldest childs, or the ex-husbands?AnswerIf by estate you mean the property one leaves after death, your child may be entitled to a portion of her father's estate if he died intestate (without a will) and owned any property in his sole name. You can check the laws of intestacy for your state at the link provided below.
May I please have an explanation of financial forecasting?
A financial forecaster is a person whose job it is to forecast the financial future of company, country or other institution. This person uses prior financial data to determine probable financial outcome. Financial forecasting is used to estimate whether or not the institution will profit financially.
Whose responsible for credit cards hostipal ambulance bills of a parents who was disable and died .?
The estate of the person that is dead.
