How do you determine the value of a Life Estate and what are the Financial, Rules/Guidelines and Legal obligations ?
Estate Planning Attorney
One method of determining a life estate value is to use a table developed by the IRS.
Theses tables can be found on the web site-irs.gov
The table is based on life expectancy and value of the property involved.
This method can be used to devalue the value of property or the value of a gift.