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Thread: life estate

  1. #1
    Actuary.com - Newbie Poster
    Join Date
    Feb 2008

    life estate

    i want to buy out my step mothers right to life estate in my deceased fathers 6th generation home. i looked at form s with the irs for rating factors to estimate her life estate but should the amount of the life estate be calculated to include what the land value is worth?: or just what the home itsself is worth/:
    Last edited by electriceye007; February 21st 2008 at 10:49 AM.

  2. #2
    Super Moderator
    Join Date
    Mar 2005
    ZZ9 Plural Z Alpha
    You need to ask a tax professional. The people on this board are most likely not qualified to answer that question.

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