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Value of Life Estate and Obligations-

Florida |

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

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Attorney answers 1


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.