Value of Life Estate and Obligations-

Asked over 5 years ago - Florida

How do you determine the value of a Life Estate and what are the Financial, Rules/Guidelines and Legal obligations ?

Attorney answers (1)

  1. Joseph Franklin Pippen Jr.


    Contributor Level 20

    Answered . 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
    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.

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.


Ask now

27,722 answers this week

3,032 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

27,722 answers this week

3,032 attorneys answering