Legal Question in Real Estate Law in Virginia
Life rights in real estate
Is there a formula to determine the value of one's life right in real estate?
Asked on 5/14/08, 3:46 pm
2 Answers from Attorneys
Jim Bowman
James E. Bowman PLLC
Re: Life rights in real estate
There is a method for calculation of the value of a life estate in Publication 1457 from the IRS. The calculation formula and the data is in Section S.
www.irs.gov/pub/irs-pdf/p1457.pdf
Answered on 5/14/08, 3:56 pm
Jim Bowman
James E. Bowman PLLC
Re: Life rights in real estate
There is a method for calculation of the value of a life estate in Publication 1457 from the IRS. The calculation formula and the data is in Section S.
www.irs.gov/pub/irs-pdf/p1457.pdf
Answered on 5/14/08, 3:58 pm
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