§ 179.201 How does the Secretary distribute principal and income to the holder of a life estate without regard to waste?
§ 179.202 May the holder of a life estate without regard to waste deplete the resources?

Terms Used In CFR > Title 25 > Chapter I > Subchapter H > Part 179 > Subpart C - Life Estates Created Under Aipra

  • 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.