victorinembongeh16 victorinembongeh16
  • 17-02-2024
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Hayden owns a life estate and Angela has been named as the remainderman. When Hayden dies

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Jeng7334
Jeng7334 Jeng7334
  • 17-02-2024

Answer:

When Hayden dies, the ownership of the property will transfer to Angela, who is named as the remainderman. A life estate is a type of ownership where the owner (Hayden) has the right to use and enjoy the property during their lifetime. However, upon Hayden's death, the property passes to the remainderman (Angela) without the need for probate or further legal action. Angela will then become the full owner of the property in what is known as a "remainder interest."

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