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The legal owner does. The person who originally granted the life estate.

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17y ago

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Benefits of Real Estate Tokenization?

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What are the benefits of investing in a mortgage REIT ETF?

Investing in a mortgage REIT ETF can provide benefits such as high dividend yields, diversification in real estate, and potential for capital appreciation.


What is capital contribution fee and who pays it in a real estate purchase?

A capital contribution fee is a one-time charge that may be assessed by a homeowners' association (HOA) or a condominium association during a real estate purchase. This fee typically helps cover the costs of maintaining common areas, amenities, or reserves for future repairs and improvements. Generally, the buyer of the property pays this fee at the time of closing, although it can sometimes be negotiated as part of the sale agreement.


What are capital contributions in a hoa?

Capital contributions are a portion of assessments paid by all owners into an account built up over time, to pay for capital projects on the real estate assets all own in common. This account is called Reserves, or Reserves Account. Capital projects include new roofs, club house improvements and so forth. Capital projects can be listed in the Reserve Study -- or similar documents -- that documents capital assets, their condition, useful life and a planned replacement or major repair. Capital contributions can be tied to the expenses required to perform these future capital improvements.


What is capital improvement?

In terms of real estate, a capital improvement is a permanent structural improvement added to the interior, exterior or landscaping of a property that will increase its overall value or prolong its life and durability. Capital improvements can also apply to tools, machines, and other major investments. The same principle applies in regard to definition.


How do you calculate capital gains on real estate?

To calculate capital gains on real estate, subtract the property's purchase price and any expenses from the selling price. The resulting amount is the capital gain, which is subject to capital gains tax.


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What is economic life in real estate?

Economic life is defined as the time over which improvements to real property ... shorter lives, to support investments in real estate.


Can the Government claim back overpaid benefits from a deceased persons estate?

Yes, the government can do that. The value of the benefits is part of the estate. The assets of the estate have to be used to clear all debts before anything can be distributed.


How do you calculate real estate capital gains?

To calculate real estate capital gains, subtract the original purchase price of the property from the selling price. This will give you the capital gain, which is the profit made from selling the property.


What was the name given to John Tyler's Virginia estate?

John Tyler's Virginia estate was named "Sherwood Forest." Located in Charles City County, the estate became well-known for its expansive grounds and impressive collection of trees, particularly the towering sycamores. Tyler inherited the property and made significant improvements to it during his time as president and after his political career.


Do you have to pay taxes on benefits from a life insurance policy in CT?

The benefits from a life insurance policy are treated as part of the estate and subject to the estate tax. They are not subject to income tax.

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