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To: Stevenc131

In my state, they passed a law that eliminated the protection of a life estate and they now freeze the value of the life tenant’s interest as of the date of death, and then they claim a lien on that percentage.

So if a 84-year old dies, and say he would be assigned 37% of the value based on his life interest, that is the extent to which the lien would be effective.

It totally changed common law which previously did not allow a lien on a life interest, because the life interest disappears on the death of the life tenant.

Strange times.


46 posted on 11/13/2013 4:18:49 PM PST by LachlanMinnesota
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To: LachlanMinnesota

Study Bump ! !


72 posted on 11/13/2013 6:08:22 PM PST by snooter55 (People may doubt what you say, but they will always believe what you do)
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