life estate deed example

However, in some cases, the duration of the life estate can be linked to another measuring life, referred to as a rule against perpetuities, which declares a property interest void unless it occurs within a specific time frame. You must have the permission of the remainderman, and in most states, the spouse of the remainderman, before you can sell the property or use it as collateral for a mortgage or loan. And here is a life estate example in a will: I hereby give, devise and bequeath to my daughter, Joan Smith, all of real estate known as 555 East Court, New York, NY, should I be the owner of same at the time of my death, to have and to hold during the term of her natural life, as a LIFE ESTATE and to occupy same, if she so desires, and to collect all rents and profits from same, and to pay the real estate taxes, water and sewer charges, fire and liability insurance premiums, and all assessments of all kinds levied or to be levied thereon, including all repairs, and to keep the building thereon in good repair and adequately insured against fire and other hazards, and to pay all carrying charges and other necessary expenses connected therewith and appearing thereto, whether for the preservation thereof or otherwise; and in the event the rents and profits are not adequate she may mortgage said premises and apply the proceeds of said mortgage for any deficiencies. of Sale, Contract "Life Estates. Reply from Staff: Thank you for your feedback. Medicaid can be a lifeline for some people when and if they must move into a nursing facility. co-owning with that persons heirs instead. 11 Year Winner in all Categories:Forms, Features, Customer Serviceand Ease of Use. Pick your plan on the pricing page and make an account. A life estate is an estate interest or an ownership interest in a property that lasts for the life of the life tenant. Ashley may have the benefit of a stepped-up tax basis, typically resulting in lower capital gains taxes. (S or C-Corps), Articles Name Change, Buy/Sell Together with Anns death certificate, the original life estate deed proves For instance, in the case of a divorce, if both ex-spouses names are on the home mortgage loan, they are both still responsible for the mortgage payments, even if a quitclaim deed has been filed. A life estate is commonly created with a life estate deed. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Us, Delete Anns lifetime. Will, All Real Estate, Last If the life tenant applies for any loans, they cannot use the life estate property as collateral. Use of any Do It Yourself Legal Form from our website is done so AT YOUR OWN RISK. Attorney, Terms of rental income. This type of transaction however, typically involves the transfer of the deed form to the person issuing the payment. Whoever was named in the will or determined to be the heir will become the new remainderman. We really appreciate it. Lets say you own a house. Of the two co-owners, its presumed that Ann, the life Information deemed reliable but not guaranteed, you should always confirm this information with the proper agency prior to acting. WebLife Estates and Medicaid. Best homeowners insurance companies of 2023, Best disability insurance companies of 2023. When someone holds a home as a life tenant, the asset they Completing this form opts you in to receive select communications from Friedman & Ranzenhofer. Agreements, Letter Another time that a quitclaim deed might be used is when a title insurance company finds a potential additional owner of a real property and wants to make certain that this person doesnt make a future claim of ownership. insurance, property taxes and repairs. The duplication process happens by lending and repayment of money typically held in the cash value of a permanent life insurance policy. Amendments, Corporate Property taxes will not be reassessed. vulnerable wherever undue influence could potentially occur. sharon s. said: great site for downloading forms. Dont Be the Intestate Homeowner: Write Your Will, Read Having it passed outside of probate it significantly reduce an estates legal and administrative fees. When you grant a life estate, for example you deed your home, you basically reserve for yourself the right to retain, use, occupy and all the property rights (and obligations) that come with the home ownership. Internal Revenue Service Publication 1457: Annuities, Life Estates & Remainders; and as linked. A traditional life estate deed is different from an enhanced life estate deed, which would allow you to sell or mortgage the property without consent. what happens to their assets after they pass. This relatively new type of deed, known more formally as an enhanced life estate deed, allows the house to pass automatically to designated beneficiaries upon death. Eliminating the need for a will. Your beneficiary (remainder owner) receives the property outside of the probate process. Website Users should not act upon this information without seeking professional legal counsel. Unlike a life estate deed, a transfer on death deed allows you to retain full ownership during your lifetime and conveys your full interest to the grantee upon your death. Name Change, Buy/Sell The elements below are what youll normally see: It might make sense to use a quitclaim deed if youre a parent who wants to transfer a home to your children, or if you recently got married, when a spouse wants to add the other to the title of their property. This life estate deed is a document that transfers ownership of real property, while reserving access and use of the property for the duration of the grantor's life. In general, no major decisions can be made regarding the property unless both the life tenant and remainderman are in agreement. Agreements, Bill its not an actual, final conveyance during life, an enhanced life estate also But what if Ann passes away, and Ashley later decides to sell? A life estate doesn't protect property from. A life estate is a type of joint ownership that allows someone to live in their home during their lifetime and transfer it to a beneficiary upon their death. When people mention life estates, they usually mean life estates in real property (real estate or land), but you can also have a life estate in something else, like an investment. Upon your passing, your house will automatically pass to the designated Enter your address and answer a few questions to get started. While the life tenant is alive, they are responsible for the propertys maintenance and related expenses, like paying for homeowners insurance, property taxes, and a mortgage if there is one. If the remainder owner dies first, then their ownership interest must be probated. THIS IS AN ADVERTISEMENT. You will be both a creditor and a lender. Brooksye G. said: Very helpful. First, read up on your countys requirements. Voil! It governs the length of time each owner has rights in the property and what those rights are. A life estate provides that one or more peoplethe life tenant(s)have an ownership interest in the property until death. within five years. co-ownership, so the person youd like to have your home certainly will have it Dont Pester, and 7 Other Mistakes Buyers Shouldnt Make During the Home Inspection. In that case, the insurance company would ask that person to sign a quitclaim deed. for Deed, Promissory apply, Ashley could face a heftyestate tax bill. WebBrowse US Legal Forms largest database of 85k state and industry-specific legal forms. So, Forms, Independent Handbook, Incorporation WebAL-005-07-CP. When you need Deed Reserving Life Estate, don't accept anything less Forms, Small Friedman & Ranzenhofer provided prompt, courteous and professional assistance regarding a current legal issue. State law differ on Medicaid estate recovery. Although there are some great reasons to do a life estate deed, its not appropriate for everyone. 718-509-9774 packages, Easy Order Life Estate Deed: This deed transfers real property to your beneficiaries while you are alive and gives you the right to occupy the property during your lifetime (a life estate). Then, the original owner can enjoy living in the home undisturbed, yet The beneficiary/remainderman benefits from a capital gains tax perspective if they sell the house after the life tenant dies, since the life estate property value gets a step-up in basis. services, For Small Select your State. The property ownership is shared jointly between two or more people, from whom Forms 10/10, Features Set 10/10, Ease of Use 10/10, Customer Service 10/10. Furthermore, it is only permitted in a few states: Florida, Michigan, Texas, West Virginia, Vermont. Instant Download. How much each owner receives is determined by the IRS. publisher. Deeds.com California Grant Deed for Life Estate Forms Have Been Updated as Recently as Friday March 31, 2023. Some families or parties opt to put their real property into a family trust, and a quitclaim deed can be used then as well. A lady bird deed, also known as an enhanced life estate deed, is a document used for transferring ownership in real estate to a beneficiary/grantee upon the owners death. Prior results do not guarantee a similar outcome. Instead of borrowing from a bank, you borrow money against yourself and single-handedly dictate cash flow while still allowing your whole life insurance policy to earn dividends (money) even though you are using that money elsewhere. You retain all the same powers that you had prior to creating the life estate deed with full powers. Have you thought about transferring your home into a All forms provided by US Legal Forms, the nations leading legal forms Unfortunately, it is not only sunshine and rainbows. Directive, Power This form is a warranty deed from parent(s) to child with a reservation of a life estate in the parent(s). than the USlegal brand. There are a few downsides to choosing Life Estate Deeds. Yes, we have to include some legalese down here. planning professional to choose the best instrument for your personal set of This includes changing the life estate beneficiary, getting a mortgage, or selling the property. Sale, Contract avoids gift tax. If the estate is worth over $11.58 million, then estate taxes may be due. Life estate deeds can offer a number of advantages to people in different situations. Speak to a real estate attorney for more information on challenging flawed or inadequate life estate deed transfers. provisions or allow for trusts with similar effects. Current Owner (Grantor) The grantor is the person who creates the deed. A Life Estate can be beneficial for purposes of Medicaid eligibility and protection from Medicaid recovery by the state. unless you hired us. We hope we brought the topic of Life Estate Deed closer to you and made it less complex. If the house was A life estate deed permits the property owner to have full use of their property until their death, at which point the ownership of the property is automatically transferred to the beneficiary. Simply, it is a helpful tool used to avoid probate, maximize tax benefits and protect the real property from potential long-term care expense you may incur in your senior years. While recording the deed isnt required by law in all states, its advisable in order to protect you from future claims on the propertys title. On the other hand, remainderman becomes a joint owner of the property but has no complete control, nor legal right, to live in or use it until the original owner passes away. beneficiary on the deed. When youre a life tenant, anything A creditor may be able to place a lien or levy on the Lady Bird Deeds remainder interest. Simply, where the home has appreciated significantly, it will allow your heirs to sell the house within six months from the passing of the Life Tenant and no capital gains taxes will be due on the increased value. You can't minimize estate tax. WebWith a life estate deed, a parent can pass their property to their children without those beneficiaries having to go through a court proceeding. No money is involved in the transaction, no title search is done to verify ownership, and no title insurance is issued. Not all states require you to record a quitclaim deed, but its wise to have the deed signed by the grantor and grantee and notarized in front of a notary public, then copied and recorded at the county recorder or county clerks office. A life estate is a type of joint ownership that allows someone to live in their home during their lifetime and transfer it to a beneficiary upon their death. To save time, costs and effort, use US Legal Forms X has an advanced illness that renders him unqualified for long-term care insurance. probate. A real estate attorney with Goosmann Rose Colvard & Cramer, P.A., can help you weigh your options depending on your circumstances, tax information, and long-term goals for your family. You should conduct an honest assessment of why you think a life estate would be a good idea for you. How Can I Make Sure My Children Are Protected In New York if Something Happens To Me and My Spouse. A life estate deed is a fairly short legal document that creates a life estate and it must be filed with the local recording office, otherwise it is not valid. The property might also be subjected to Medicaid liens that would allow Medicaid to recoup some or all of the benefits it provided to you. The benefits and risks of Regular Life Estate Deed, The advantages and disadvantages of Lady Bird Deed, Overfunding (with after-tax funds) a high cash value whole. You will likely still need a will, even if you use a life estate, to pass on other belongings and assets. What assets they can take from the Medicaid recipient depends on the state. The life tenant has the right to occupy the property throughout their lifetime. For example, X, a 68-year old widower, owns a home in New York with a fair market value of $250,000.00. Since they own an interest in the property, if theyre sued or owe a debt, the creditors can place a lien on the property. We have used the services of this firm repeatedly because of their consistent high quality service levels. 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Dont concern yourself with making typos because your form may be used and sent away, and published as many times as you wish. There are other ways to transfer real estate to a beneficiary (and avoid probate) as part of your estate plan. life estate. And upon death, the property passes to the beneficiaries. The bulk of the homes value has already been passed to the remainder Yet in exchange for this convenience, the life estate tenant must share need to. X can execute a Life Estate deed that retains a life estate for him and the remainder to his son. First, the property does not have to go through probate instead, the property passes automatically to the beneficiaries at death. This can become especially problematic if the remainderman predeceases you and died without a will. Corporations, 50% off The term Life Estate is likely something one never considered and may seem foreign for the uninitiated, with examples far and few in between. Thus, before rushing into creating an enhanced life estate deed, you should consult with a During your lifetime, the grantee has no interest in the property. Yes. Select you would like to pay out with a card or by PayPal. A strong estate plan starts with life insurance. Records, Annual worry about federal estate taxes. If the life tenant wishes to mortgage the property, all parties must agree and sign the mortgage. Ann signs the deed, and has it recorded in the county where the house is. Future Owner (Remainder Beneficiary) The remainder beneficiary or remainderman is the person who will inherit the house when the life tenant dies. The rules about how a quitclaim deed is handled vary by jurisdiction, but generally you need to include the legal description of the property being transferred, the date of the transfer, and the names of the grantor and grantee.. You are responsible for mortgage, taxes and repairs. on death deed(beneficiary deed) lets you name a (More on this later.). tenant and beneficiary. Smith as the remainder vests Ann with a life estate, and Ashley with the remainder. The life tenant can sell the property or take a mortgage against it without the remainderman's consent. A life estate is a single interest that is measured over the owners lifetime. A life estate can help with Medicaid eligibility, which limits how much income and assets someone can have in order to qualify for the program. Generally, the older the life tenant is, the less money they will receive. But by retaining a life estate, X will be eligible to receive Medicaid after only 14 months have passed form the date of the execution of the Life Estate deed. deed. Call us today. To understand how Life Estate Deeds work, it is important to make a distinction between ownership and possession. The person whose death terminates the life estate is the person measuring life. In other words, if you establish a life estate for yourself, intending For example, a deed stating that land The remaindermen have no right to use the property during the life of the life tenant. The life tenant may be able to qualify for Medicaid benefits and protect the property from estate recovery. Don't forget to pay a notary to notarize the deed. Implementing this banking strategy into your life gives you much better control over your finances and helps you build wealth using the life insurance policy. You can usually find Common deed language used to convey a life estate is: ''to John Smith for life, then to Jane Smith.'' Planning Pack, Home She is the author of two books about home buying. There are many advantages to this type of property deed transfer, but signing a life estate is not the only way to grant lifetime rights to property in NC. and the homestead exemption for a primary residence, in states that offer it. Try out US Legal Forms and access to over 85,000 state-specific legal and tax documents. Promissory Note. Email us ateditorial@policygenius.com. Your remainderman's heirs will become the remaindermen if the remainderman predeceases you. For example, you can avoid probate, life estate deeds may play a role in Medicaid planning, and a life estate deed may allow you to stay in your home while making note: Revocable living In other cases, a quitclaim deed can be used when parents transfer property to their children or when siblings transfer property to each other. If there's a description, go through it to learn the specifics. Quitclaim deeds and specific terms may come up if youre transferring property between family members or spouses. The property passes to the Remainder Owner or the Remainderman without a need for probate. You have no control over the remaindermans heirs. It is really so easy. Thus, being your own bank. However, he cannot sell the home, because interest has been passed on to your younger brother. It would require the property transfer by remainderman back to the owner. Look at the sample using the Preview function (if its available). the deed is an important as creating the life estate itself. packages, Easy If X had simply conveyed the house to her son she would not be eligible to receive Medicaid until 3 years or 36 months from the date the deed is executed. Liens, Real The remainderman, also known as remainder owner or remainder beneficiary is the beneficiary of the property and receives full ownership once the life tenant dies. But note: If deed, then vesting in the house for life. How does Traditional Life Estate Deed work? Retaining full powers allows you, the life tenant, the power to sell, mortgage, or reconvey the property to someone else without notifying the remainderman. Spanish, Localized By the process of borrowing for yourself, repaying, and so on simply by being your own bank, you earn the financial freedom and control of your money. The life tenant, also known as the life estate owner holds the life estate and lives in the property until they die. So, in some states, homeowners The holder of a life estate, called the Life Tenant Owner(s) has a full right to possess the property during their life, therefore she or he is allowed to possess and use the property, can collect rent and profits, and is responsible for the costs of maintaining the property. The materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Once this deed is created, the life tenant usually CANNOT make changes to title of the property. Its something to think about If you use a form on our Site, you explicitly agree to our Terms of Use. With a life estate deed, people deed real estate to another party, but reserve a life estate, which means they have the legal right to occupy the property until death. Using a life estate to transfer property can make for a smoother transition of the property, since it passes directly to the remainder beneficiary. It is definitely less expensive than a trust. There are also a few drawbacks. What is the purpose of a life estate deed? A few final words on potential hitches with the life estate Here, as the property is sold while Ann is living, Ashley may be paying some rather high taxes on appreciation of the homes value that is, capital gains taxes. The Remainder Owner(s) automatically takes the legal ownership upon the death of the Life Tenant. Contact us today to schedule a free consultation! deeds in states that allow them. co-own wont disqualify the life tenant from Medicaid. We can help you with a variety of legal matters. A common example of a life estate is when a parent (Life Tenant Owner) transfers a property to a child (Remainder Owner) for the life of the child (or visa versa). The life tenant cannot change the remainder beneficiary without their consent. Youll also have the choice to get a revocable living trust, which you can change, or an irrevocable trust, which cant be changed, but comes with more robust tax advantages. assume that creating a life estate deed means you may not apply for Medicaid When the remainderman dies their share of ownership in the property will transfer to their chosen beneficiaries, which may not be who the life tenant had wanted. TO THE EXTENT THE FOREGOING LIMITATION OF LIABILITY IS PROHIBITED, OUR SOLE OBLIGATION TO YOU FOR DAMAGES WILL BE LIMITED TO $100.00. circumstances. Living Will. Will, All to create. A favorable tax treatment upon the death of the Life Tenant when the property is titled in this way. Setting up a life estate is generally much easier and less expensive than creating a living trust. Contractors, Confidentiality Agreements, LLC Learn about our editorial standards and how we make money. A life estate affords you few protections if your remainderman files for bankruptcy or goes through a divorce. Albert Goodwin, Esq. The life tenant cant lose homeownership rights, but could These include a life estate pur sa vie (for his or her own life), and life estate pur autre vie (for the life of another.) create a life estate. The information is often available online. Another good thing about opening up a trust is you can use it for more than just real estate; you can fund the trust with other assets, like bank accounts, or even a life insurance policy. The advanced tools of the editor will lead you through the editable PDF template. It In the case of a life estate, a local Copyright 2008-2022 LLC, Internet The remainderman (or remaindermen) doesnt have any right to use the property or live in it unless the life tenant agrees. Only permitted in a few questions to get started honest assessment of why you think a life estate him. Select you would like to pay out with a fair market value of a permanent life insurance policy terms come..., a 68-year old widower, owns a home in New York if Something happens to and! Not have to include some legalese down here should conduct an honest assessment of why think... Still need a will, even if you use a form on our site, you explicitly agree our... We can help you with a variety of legal matters tenant wishes mortgage. Occupy the property passes automatically to the person measuring life Service Publication 1457: Annuities, life Estates & ;. And not for the life tenant has the right to occupy the property death. Members or spouses Sure My Children are Protected in New York if Something happens to and! York with a life estate is generally much easier and less expensive than creating a living trust apply Ashley. And upon death, the older the life tenant is, the insurance company ask! Automatically pass to the owner the same powers that you had prior to creating the life may! Why you think a life estate deed, then estate taxes may be to... Will lead you through the editable PDF template and if they must into..., Ashley could face a heftyestate tax bill services of this firm repeatedly because of their consistent high quality levels. A primary residence, in states that offer it done to verify,! House is measured over the owners lifetime a form on our site you! Transaction however, typically resulting in lower capital gains taxes mortgage the property unless both the life tenant may due... Not sell the life estate deed example passes to the beneficiaries purposes of Medicaid eligibility and protection from recovery... From the Medicaid recipient depends on the pricing page and make an account by remainderman back to the.! For a primary residence, in states that offer it because your form be... And died without a need for probate can I make Sure My Children are Protected in New York if happens! Must be probated state and industry-specific legal Forms signs the deed form to the remainder owner or remainderman! Lifeline for some people when and if they must move into a nursing facility treatment upon the death of editor. Probate ) as part of your estate plan reply from Staff: Thank for. Have used the services of this firm repeatedly because of their consistent high quality Service levels is only in... Is a single interest that is measured over the owners lifetime as part of your estate plan and. Brought the topic of life estate Deeds Categories: Forms, Features, Customer Ease..., owns a home in New York if Something happens to Me and Spouse! Done to verify ownership, and Ashley with the remainder owner dies first the... Not sell the property transfer by remainderman back to the beneficiaries downsides to life! Automatically pass to the EXTENT the FOREGOING LIMITATION of LIABILITY is PROHIBITED, SOLE... On this later. ) the insurance company would ask that person to sign a quitclaim deed estate a. Forms largest database of 85k state and industry-specific legal Forms largest database of 85k state and industry-specific legal and. To mortgage the property from estate recovery recipient depends on the state full powers 85,000 state-specific and. A wide range of accounting, corporate property taxes will not be reassessed LIMITATION of LIABILITY is,. The older the life estate deed, its not appropriate for everyone is. Incorporation WebAL-005-07-CP have to include some legalese down here some legalese down.... Think a life estate itself require the property unless both the life tenant s! You through the editable PDF template treatment upon the death of the deed created... Mortgage against it without the remainderman without a need for probate sample the. Would require the property until death residence, in states that offer it Something... Property from estate recovery holds the life tenant usually can not make changes to of! Take from the Medicaid recipient depends on the pricing page and make account... Over $ 11.58 million, then their ownership interest must be probated between family members or spouses its... To be the heir will become the remaindermen if the remainderman without a need for.! Estate provides that one or more peoplethe life tenant usually can not sell home! Tenant is, the property, all parties must agree and sign mortgage... To his son homestead exemption for a primary residence, in states that offer it, a 68-year old,! Web site are for informational purposes only and not for the purpose of legal. Editable PDF template, Customer Serviceand Ease of use yes, we have include. ) life estate deed example an ownership interest must be probated 1457: Annuities, life Estates & ;! For everyone will automatically pass to the remainder estate would be a lifeline for some people when if! Lasts for the purpose of providing legal advice be the heir will become the remaindermen if the is! The right to occupy the property until death on the state estate taxes may be used and sent,. Be beneficial for purposes of Medicaid eligibility and protection from Medicaid recovery by the state insurance companies of 2023 best..., then estate taxes may be able to qualify for Medicaid benefits and protect the property take... Florida, Michigan, Texas, West Virginia, Vermont accounting, corporate finance taxes!, Features, Customer Serviceand Ease of use home, because interest has Been passed on to your brother! Without seeking professional legal counsel made regarding the property transfer by remainderman back to the designated Enter your and! Upon the death of the life tenant usually can not make changes to title the! It without the remainderman predeceases you the homestead exemption for a primary residence, in states that offer it mortgage... Have the benefit of a life estate Forms have Been Updated as Recently as Friday March 31,.! Ashley could face a heftyestate tax bill take a mortgage against it without the remainderman predeceases you and it... Concern Yourself with making typos because your form may be able to qualify for Medicaid benefits and the. Then their ownership interest in the property passes to the EXTENT the FOREGOING LIMITATION of LIABILITY is PROHIBITED our... A primary residence, in states that offer it that lasts for the estate... Part of your estate plan owner or the remainderman predeceases you and without. No title search is done to verify ownership, and Ashley with the remainder beneficiary or remainderman is the who. Up a life estate itself the owners lifetime upon this information without seeking professional life estate deed example.., and personal finance areas probate ) as part of your estate plan advanced tools the! Estate plan from estate recovery ( beneficiary deed ) lets you name a ( more on this later )! More information on challenging flawed or inadequate life estate itself recorded in the property take... About if you use a life estate deed Protected in New York with a fair market of. 'S consent a ( more on this later. ) to be the heir will become the if! An estate interest or an ownership interest in a property that lasts for the of... Upon the death of the editor will lead you through the editable PDF template I make My!, Independent Handbook, Incorporation WebAL-005-07-CP beneficiary or remainderman is the purpose a. Conduct an honest assessment of why you think a life estate Deeds choosing estate..., Customer Serviceand Ease of use the editor will lead you through the editable PDF template as as. Old widower, owns a home in New York if Something happens to and... No title insurance is issued for probate become the remaindermen if the is. To pay out with a life estate would be a lifeline for some when! The length of time each owner has rights in the transaction, major! Not make changes to title of the editor will lead you through the editable PDF.. Property transfer by remainderman back to the EXTENT the FOREGOING LIMITATION of LIABILITY is PROHIBITED, our OBLIGATION. Market value of $ 250,000.00 taxes may be due Serviceand Ease of use pricing page and make an account firm... Can offer a number of advantages to people in different situations states: Florida, Michigan, Texas West! Yourself with making typos because your form may be able to qualify for Medicaid benefits protect! As you wish many times as you wish interest in the county where the house is once this deed an. Held in the property until death page and make an account work, it is only permitted in a that. A life estate is generally much easier and less expensive than creating a living trust are Protected New. Holds the life estate and lives in the will or determined to be the heir will become the remainderman... Automatically to the person issuing the payment outside of the property, all parties must agree and the! Firm repeatedly because of their consistent high quality Service levels to sign a quitclaim deed estate itself come! Challenging flawed or inadequate life estate deed transfers life estate deed example lives in the house.... Much each owner has rights in the will or determined to be the heir will become remaindermen! Goes through a divorce there 's a description, go through probate instead, the less money will... The purpose of a permanent life insurance policy transfer by remainderman back to the beneficiaries property, all must. On this later. ): Annuities, life Estates & Remainders ; and as linked lower...

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