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Life Estate Interest Form

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What makes the estate interest trust legally valid?

Because the society takes a step away from in-office working conditions, the execution of paperwork increasingly occurs electronically. The life estate interest isn’t an exception. Dealing with it using electronic means differs from doing this in the physical world.

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Instructions and help about Life Estate Interest

in this video we will discuss contingent remainders. A contingent remainder is a type of future interest but this type of future interest either involves an unidentified person or it's subject to some sort of condition. Let's say a father gives some land to his son, Jimmy for as long as Jimmy lives and then to Jimmy's first child, provided he or she is at least 21. So now Jimmy's got the land and he'll have it for as long as he lives. And let's say Jimmy doesn't have any children. Of course Jimmy can imagine that he'll have a son Jimmy jr. but that son's just imaginary now. He's not real yet. Jimmy could pass away and have no children. Or let's say Jimmy does have a child, Jimmy Jr., who's three or four years old - well, we still don't know how old Jimmy or Jimmy Jr. will be when Jimmy passes away. Will Jimmy jr. be 17 years old? 6 years old? 75 years old? We just don't know.

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