John owns a small rental cottage in St Augustine and his mother Brenda lives nearby in a
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John owns a small rental cottage in St Augustine and his mother Brenda lives nearby in a rented apartment. He is concerned about her having a secure home to live in after her retirement so he decides to convey the cottage to her for the rest of her life, after which, ownership will revert to him. What would John's attorney probably have advised him to do to achieve these goals?
Convey a life estate to Brenda with the right of reversion to John.
Convey a tenancy by the entireties to Brenda, pur autre vie.
Establish a Trust with his mother as one of the trustees.
Convey a tenancy at sufferance to Brenda.
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date: