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.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter27: The Federal Gift And Estate Taxes

Section: Chapter Questions

Problem 6DQ

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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. *

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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