📄 Extracted Text (141 words)
Split-Interest Purchase: Comparison of
Single Life Estate and Successive Life Estates
Siu le Life Estate Successive Life Estates
Share of Purchase Life Interest: 32.867% Life Interests: 42.290%
Price (allocation between LDB and DRB to be actuarially
Trust: 67.133% determined)
Trust: 57.710%
Advantages • Residence is encumbered by life estate for shorter • Reduces share of purchase price borne by trust
period
• DRB's right to continue to use residences upon
• Additional planning flexibility after LDB's death LDB's death is assured
e.g., Trustees may (but are not required to) charge
DRB rent, thereby reducing her estate
Other Considerations • DRB's right to continue to use residence subject to • Determining share of purchase price borne by each
Trustee determination successive life estate may require retaining an
actuary
• DRB must pay for her interest using independent
funds
Dock USI:9464301 v1
EFTA00584335
ℹ️ Document Details
SHA-256
1109d139489a6747508c27035cc1f68d3e766ac2125503aec97b80adf33806d3
Bates Number
EFTA00584335
Dataset
DataSet-9
Document Type
document
Pages
1
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