US EditionLegal Responsibilities of Life Estate Holders and Remaindermen in Arkansas
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Legal Responsibilities of Life Estate Holders and Remaindermen in Arkansas
Introduction to Life Estates and Remaindermen A life estate is a legal arrangement in property ownership that allows one individual, known as the life tenant, to hold rights to a property during their lifetime. Upon the death of the life tenant, the property is transferred to another party known as the remainderman. This arrangement creates a unique dynamic in property rights, as the life tenant possesses certain privileges while also being boun…
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