CFR > Title 25 > Chapter I > Subchapter H > Part 179 > Subpart B – Life Estates Not Created Under Aipra
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Other versions
| § 179.101 | How does the Secretary distribute principal and income to the holder of a life estate? |
| § 179.102 | How does the Secretary calculate the value of a remainder and a life estate? |
Terms Used In CFR > Title 25 > Chapter I > Subchapter H > Part 179 > Subpart B - Life Estates Not Created Under Aipra
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Contract: A legal written agreement that becomes binding when signed.
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Remainderman: One entitled to the remainder of an estate after a particular reserved right or interest, such as a life tenancy, has expired.