The primary difference between a life estate and a fee simple absolute estate is that life estates O automatically terminate upon the death of a named person. O are descendible. O are devisable. O are not subject to corporate tax.
The primary difference between a life estate and a fee simple absolute estate is that life estates O automatically terminate upon the death of a named person. O are descendible. O are devisable. O are not subject to corporate tax.
Chapter27: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 17DQ
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Question
The primary difference between a life estate and a fee simple absolute estate is that life estates
O automatically terminate upon the death of a named person.
O are descendible.
O are devisable.
O are not subject to corporate tax. *
Transcribed Image Text:The primary difference between a life estate and a fee simple absolute estate is
that life estates
O automatically terminate upon the death of a named person.
O are descendible.
O are devisable.
O are not subject to corporate tax.
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